LUCK Lucky Cement Short term Analysis 9th Jul. 2020

Further Advance

Our Pivot: 477

Our Preference: Start buying LUCK above 486.50 and average it out till 483 with strict stop loss of 477 and profit target at 503 with extension towards 517 and 522.

Alternate Scenario: Downward penetration of 477 will call for 467 and 464.

NOTE: LUCK have given breakout of its descending wedge in upward direction and now its heading towards 515 for expansion of said wedge.

Daily chart with supports & resistances: