ISL as per my previous call going toward our 2nd target 80 then 84 and ultimately 102 so for swing traders accumlate at current rates.
The price is moving in a descending parallel channel after making a top of 79.45 and closing at 68.11 which is -14.27% in the last trading session. Moving forward, 67.10 acts as a major support which is tested three times, if it breaks then the second support lies at 61.10 lower level of the channel. On the other hand, if the channel breaks above then first and...
Plan1 Buy1 around 69.55 - 70.55 Buy2 around 64.20 - 65.20 TP(1) around 73 TP(2) around 75 - 76 Stoploss 63.50 (closing basis) Plan2 Buy Above 75 Sell around 78 - 79 Stoploss 70 (Closing basis)
Buy Above 70 Sell around 73 Stoploss 65 (closing basis)
ISL has given the breakout of last Lower High and establishing higher higher and higher low. ISL has tried to break the 67 level twice however it failed in both attempts Entry is recommend upon 67.47 breakout. Entry:67.47 SL: 60.90 TP1:74.04 TP2:80.61