LOTCHEM Lotte Chemical short-term analysis 5th May 2021

Rebound Insight

Our Pivot: 13.10

Our Preference: Start buying LOTCHEM from current price and average it out till 13.70 with strict stop loss of 13.10 and profit target at 14.80 with extension towards 15.40.

Alternate Scenario: Downward penetration of 13.10 will call for 12.30 and 12.

NOTE: LOTCHEM is being supported by a rising trend line along with a horizontal supportive region.

Chart with supports & resistances: