LUCK Lucky Cement Intraday Analysis 14th April 2020

Rebound Insight

Our Pivot: 383

Our Preference: Buy LUCK above 389 with strict stop loss of 383 and profit target at 410 with extension towards 415.

Alternate Scenario: Downward penetration of 383 will call for 377 and 365.

NOTE: LUCK is trading above a strong horizontal supportive region therefore it's expected that it would try to bounce back after posting a double bottom on daily chart.

Daily Chart with Supports & Resistances: