LUCK Lucky Cement Short term Analysis 5th Jan. 2021

Under Pressure

Our Pivot: 708

Our Preference: Start short selling LUCK below 698 and average it out till 704.30 with strict stop loss of 708 and profit target at 685 with extension towards 677.

Alternate Scenario: Upward penetration of 708 will call for 711 and 714 with extension towards 721.

NOTE: LUCK is moving downward after facing rejection from resistant trend line of it's ascending wedge.

Chart with supports & resistances: