Under Pressure
Our Pivot: 74.60
Our Preference: Start short selling ISL below 72.50 and average it out till 74 with strict stop loss of 74.60 and profit target at 68.40 and 67.30.
Alternate Scenario: Upward penetration of 74.60 will call for 75.50 and 77.30 with extension towards 81.
NOTE: ISL is moving downward after completing its bearish correction.
Daily chart with supports & resistances:
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