Categories: Technical Analysis

ISL in Range bound situation, but good for swing

International Steels Limited (ISL), it is the one of June closing year end companies. It is currently in a range bound situation but this might be a good time for accumulation.

80 is weekly resistance and a critical area. We need closure above this then our next targets are achievable.

90 is also weekly resistance if a rally starts again in bullish side.

Sell half, and hold half strategy can be a good approach here. Profit taking on higher side can help secure profits.

101 is monthly resistance so be aware of this area.

Hafsa Talpur

Completed my Degree in BBA 4 years Hons Worked in PSX market 3.5 years. Interested in financial markets.

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  • taking advantages of ur technical analysis .. i have read all , just commenting on this.. i highly appreciate ur efforts...can u comment on fccl plz

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