LUCK Lucky Cement Short term Analysis 22nd Jun. 2020

Under Pressure

Our Pivot: 445

Our Preference: Start short selling LUCK from current price and average it out till 442 with strict stop loss of 445 and profit target at 432 with extension towards 427 & 425.

Alternate Scenario: Upward penetration of 445 will call for 451 and 457.

NOTE: LUCK have succeeded in sliding below major supportive trend line on hourly chart.

Hourly chart with supports & resistances: