LUCK Lucky Cement Limited Short Term Analysis 20th Feb. 2020

Turning Down

Our Pivot: 497

Our Preference: Start short selling LUCK below 489.70 and average it out till 491.60 with strict stop loss of 497 and profit target at 479 with extension towards 475.

Alternate Scenario: Upward penetration of 497 will call for 502.

NOTE: LUCK is being caged in a triangle on hourly chart and right now its facing resistance from a strong horizontal resistant region.

Hourly Chart with Supports & Resistances: