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INTERNATIONAL STEELS LTDINTERNATIONAL STEELS LTDINTERNATIONAL STEELS LTD

INTERNATIONAL STEELS LTD

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ISL trade ideas

ISLCurrent Price: The stock is currently trading at 78.06 Safe Entry Point: A safe entry for a swing trade is suggested after 89-90 *Head and Shoulders Pattern: If the price breaks below the current level and fails to show strength, it could drop further toward the Head & Shoulders target of 60.85 A downward movement (red arrow) represents this bearish scenario. *Bullish Scenario: If the stock shows positive signs (such as increased volume, breakout confirmation), it could bounce back up. A breakout above 89-90 could push the price towards 101.21
PSX:ISL
by zahid_iqbal6220
ISL | Head & Shoulder PatternThe pattern identified is a "Head and Shoulders" formation, which typically signals a bearish reversal. The left shoulder and the head have already been formed, and the right shoulder is now in the process of forming. A long position can be considered during the formation of the right shoulder, indicating the possible completion of the pattern. The chart outlines three potential take-profit levels (TP1: 70.60, TP2: 74, and TP3: 79), suggesting a possible retracement before the price continues its movement. The relatively low volume could impact the strength of future price movements. Use stop loss at 60 to manage risk.
PSX:ISLLong
by mbaberhanif
2
ISL | Parallel ChannelISL is currently trading within a parallel channel, as illustrated on the accompanying chart. The price has demonstrated a tendency to reverse upon testing either side of the channel. At present, the price is approaching the lower boundary of the channel, approximately at 74, which also aligns with the 200-day Exponential Moving Average (EMA). Several indicators suggest that a bullish reversal may be imminent, presenting a significant buying opportunity. The initial target for this trade is set at 70.70, where previous rejection has been observed. Should the price break and sustain above this level, the next target is approximately 89.80. Furthermore, the upper boundary of the channel is around 95, which represents a potential swing trade setup requiring additional confirmation to achieve this target. A stop loss should be placed at 66, marking a break below the channel. Please manage your trade accordingly.
PSX:ISLLong
by mbaberhanif
1
ISL ANALYSIS 2.0🚀 Trade Alert: ISL Uptrend with Sideways Consolidation 🚀 We have identified a bullish setup in ISL, characterized by the following: Uptrend: ISL is in an established uptrend. Sideways Movement: Currently in a sideways consolidation phase. No Divergence: No bearish divergence spotted, indicating the likelihood of upward movement. Current Situation: Resistance Zone: Facing resistance in the zone of 89-91. Potential Breakout: After crossing this resistance, the stock is expected to move towards higher targets. Entry Points: Buy: After crossing 91 Buy on Dip: At 84 Target Prices (TP): After Crossing 91: TP 1: 100.00 🥇 TP 2: 110.00 🥈 Buy on Dip at 84: TP: 96.00 📈 Stop Loss (SL): SL: 78.00 to manage risk Trade Summary: Buy: After crossing 91 or on dip at 84 TP 1 (After crossing 91): 100.00 TP 2 (After crossing 91): 110.00 TP (Buy on dip at 84): 96.00 SL: 78.00 Trade Type: Long Swing 🎢 Good Luck! 🍀 Stay informed and trade smart! 📊
PSX:ISLLong
by Earn_withHassaan