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LOTTE CHEMICAL PAKISTAN LTDLOTTE CHEMICAL PAKISTAN LTDLOTTE CHEMICAL PAKISTAN LTD

LOTTE CHEMICAL PAKISTAN LTD

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LOTCHEM trade ideas

LOTCHEM LONG TRADELOTCHEM has been in Downtrend Channel since Dec 2024. It has recently broken out of this Downward channel, authenticity of the BO is confirmed with Volume Distribution Analysis. It is pulling back to re-test the BO level. 🚨 TECHNICAL BUY CALL – LOTCHEM🚨 🎯 BUY ZONE: Rs. 20.3-20.8 📈 TP : Rs. 23.2 📈 TP 2: Rs.24.4 🛑 STOP LOSS: BELOW Rs 19.8 (Daily Close) 📊 RISK-REWARD: High Conviction | 1:6.2 Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
PSX:LOTCHEMLong
by Mushtaque77
LOTCHEM PROBABLY IN WAVE ' X ' OR ' Y ' OF A CORRECTIONAs per our preferred wave count LOTCHEM is in wave Y which should take prices further down toward the 13 level and if bearish trend stays strong then even 9.50 is on the cards, however prices need to break below 15.53 level first. Alternately prices can still be in X wave and will take prices further up towards 25.40 - 27.40 range and if the bullish trend stays strong 31 level is also at hand, however prices will have to break above 20.20 level first. As the overall momentum of the PSX is bearish and our preferred wave count is bearish, We will activate short sell trade once price close below the red trendline on the daily chart. Incase prices never close below the red trendline and starts rising, We will enter long position at 20.20 targeting 25.40 range. I will share stop loss for the trade setup once our trade gets actived Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:LOTCHEMShort
by KayJay
LOTCHEM Gearing Up for a Bullish Comeback? OTCHEM appears to be forming a potential bullish reversal after finding strong support near 18.50-19.00. The stock is attempting to break out of its consolidation phase, with RSI stabilizing near 50, signaling a possible shift in momentum. A decisive move above 20.50-21.00 with strong volume could trigger a rally toward 23.50-24.00, making it a key breakout zone for traders. With volume still on the lower side, a spike in buying interest could confirm the uptrend. Keep an eye on this level—LOTCHEM might just be setting up for its next big move!
PSX:LOTCHEM
by StockDuniya
LOTCHEM Is Going Up; KSE100 Is Going Up; Green!!!LOTCHEM has been trending upward along its 20-day moving average since November 18th. This demonstrates positive growth, and while the current performance is encouraging, there is potential for further gains. Notably, trading volume has been increasing, signaling growing market interest. The price crossed above the 200-day moving average just four days ago, confirming the onset of a bullish long-term trend. In the chart presented, I am illustrating a medium-sized bullish wave, which may continue to develop over an extended period. For the time being, I am setting a target of PKR24. Feel free to follow me for more insights if you find the content valuable. I will continue to share updates and analysis.
PSX:LOTCHEMLong
by mbaberhanif
LOTCHEM | Falling Wedge Pattern The price action is currently confined within converging trend lines, indicating the potential for a breakout. Consideration may be given to initiating a long position following a breakout from this pattern, with a stop loss set at 18 to mitigate potential losses in the event of a downward break below the channel. Initial resistance is positioned at approximately 21, with a secondary resistance noted around 22.15. Upon successful breach of both resistance levels, attention should be directed towards a prominent supply zone positioned near 24.43.
PSX:LOTCHEMLong
by mbaberhanif