Under Pressure
Our Pivot: 93.30
Our Preference: start short selling INIL from current price and average it out till 91.40 with strict stop loss of 93.30 and profit target at 85.40.
Alternate Scenario: upward penetration of 93.30 will call for 97.60 and 99.00
Note: INIL have succeeded in sliding below its major supportive trend line.
Daily chart with Supports and Resistances:
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