Under Pressure
Our Pivot: 96.85
Our Preference: Start short selling ISL below 92.80 and average it out till 94.40 with strict stop loss of 96.85 and profit target at 87.90 with extension towards 85.65.
Alternate Scenario: Upward penetration of 96.85 will call for 99.20 and 100.30.
NOTE: ISL is caged in a triangle on hourly chart and is moving downward after completion of its bearish correction.
Chart with supports & resistances:
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