LUCK Lucky Cement Short term Analysis 15th Jul. 2020

Under Pressure

Our Pivot: 521

Our Preference: Start short selling LUCK below 516.50 and average it out till 518.30 with strict stop loss of 521 and profit target at 502 and 495.

Alternate Scenario: Upward penetration of 521 will call for 527.

NOTE: LUCK is being capped by a strong horizontal resistant region along with descending trend lines.

Daily Chart with supports & resistances: