Long - Lucky CementCup and handle pattern formation.
Daily Break out confirmed.
Retesting possible at break out level tp confirm long bullish momentum
Targets 1200 , 1310, 1550
LUCK trade ideas
LUCK - Bullish ReverThe price appears to have bounced from a recent low around the 830 level, forming a potential reversal pattern. The price is currently trading around PkR848.50 after a downward trend that seems to have reversed. There are marked support zones near 830-840 PKR, and the price is showing some recovery with higher highs and lows.
Entering a long position might be considered if the price sustains above the current resistance at PkR850, as this could indicate a continued upward movement. A stop-loss could be set below the previous support at around PkR815.50 to limit downside risk, while targeting a move back towards PkR900 or higher, depending on momentum. However, confirmation of bullish strength is key before fully committing to the position.
LUCK - LongI did the working long timeback so not remember exact basis but targets are given in yellow. Also ABCD patter can be applied on this chart to get good results in near future.
Lucky PSX long term trade ideaLucky has completed its cup and handle pattern. Based on technical analysis, a possible buy, Tp, and SL are shown.
LUCKY PSX Trade ideaLucky has formed a beautiful cup and handle pattern, possible buy and tp are mentioned.
LUCK - BULLISH CHANNEL UP TREND CONTINUATIONLUCK - BULLISH CHANNEL UP TREND CONTINUATION
Luck is trading in a bullish channel and currently forming an Abandoned Bullish Baby formation, which suggests a bullish reversal. We anticipate a continuation towards the next bullish targets of 979, 1015, and 1100. The immediate risk is defined below 888.00.
LUCK Cement (LUCK) Chart AnalysisPattern Identification
The pattern displayed in the chart is a Symmetrical Triangle. Symmetrical triangles are characterized by two converging trendlines connecting a series of sequential peaks and troughs, creating a shape that resembles a triangle. This pattern typically indicates a period of consolidation before the price breaks out, either upward or downward.
Key Features of the Symmetrical Triangle on the Chart
Converging Trendlines:
The upper trendline connects the highs.
The lower trendline connects the lows.
Horizontal Resistance:
The price has tested the horizontal resistance level around PKR 1,008.06 multiple times without breaking it convincingly.
Projected Price Movement:
The height of the triangle is measured from the highest peak to the lowest trough within the pattern.
This height is then projected upwards from the breakout point to estimate the potential price target.
Current Price Action
The current price is around PKR 891.70, and it is very close to the resistance level of PKR 1,008.06.
Future Forecasting
Based on the symmetrical triangle pattern and the current price action, we can make the following predictions:
Bullish Scenario:
If the price breaks above the resistance level of PKR 1,008.06 with strong volume, it could indicate a bullish breakout.
The projected price target in this scenario is calculated by adding the height of the triangle to the breakout point. This suggests a potential target of approximately PKR 3,411.63.
The breakout needs to be confirmed with a sustained move above the resistance and an increase in trading volume.
Bearish Scenario:
If the price fails to break above the resistance and starts declining, it could retest the lower trendline of the symmetrical triangle.
A breakdown below the lower trendline would indicate a bearish scenario. The potential downside target in this case would be around the previous significant support level of PKR 304.72.
Conclusion
The symmetrical triangle pattern is a neutral pattern that could lead to either a bullish or bearish breakout. Currently, the price is close to the resistance level, and a breakout above this level would be a strong bullish signal with a significant upside potential. Conversely, failure to break the resistance could lead to a bearish move towards the lower trendline or even lower.
Traders should watch for a confirmed breakout or breakdown with strong volume before making trading decisions.
LUCKAs the SuperTrend indicator crosses the phase of sqeeze , and other indicators like MACD also give a buy signal, the chart visually confirms an upward trend. Therefore, it is likely that the stock will increase in value
LUCKY CEMENT PSX (BULLISH)LUCKY CEMENT made a short rally upwards and is now making a bull flag, in this case if broke above the flag pole, it can continue its upward trend.
Quick Trades
Plan1
Buy Above 781
Sell around 850 - 870
Stoploss 710 (Closing basis)
Plan2
Buy Above 833
Sell around 900 - 930 then 1000
Stoploss 718
LUCK is BullishLUCK is looking really good, as it has printed a higher high and higher low which could mark the beginning of a bullish move. Targets are mentioned on the chart.
LUCK: Bullish (HHs & HLs)LUCK is currently in bullish trend on 4hr time frame and forming HHs and HLs, so wait for the new HLs to take a new buy entry.
LUCKPlan1
Buy Above 760
Sell around 767 - 770 then 775
Stoploss 751 (Closing basis)
Plan2
Buy around 750 - 752
Sell around 759 - 760
Stoploss 744 (Closing basis)
LUCK bullish run coming to an endLUCK has had the long bullish run starting from the 500 PKR. But looking at the charts, it seems the days are up for the bullish run.
Both the divergence are indicating for some correction. Not a bad idea to book some PSX:LUCK profits though.
LUCK - Turning pointLucky Cement is boosting a good growth. However, looking at the charts, we see both Volume and RSI Divergence in play. This is possibly a turning point for LUCK and a place to book profits if you are holding the stock.
LUCK is BullishLUCK is in strong bullish momentum and is expected to continue the rally, after successful breakout from previous higher high. Targets are mentioned on the chart.
Potential reversal zoneLUCK will be at a cross point at 702 levels, where we should look out for potential reversal pattern. This might be an elliot correction wave leading to long term bearish pattern and earnings have decreased as well which could support it. On the other hand, we can see bullish pattern, if market decide to get support from 606.32 levels and decreasing oil prices can support this move.
Lets see how it turns out!
LUCK - PSX - Bullish TrendLUCK - Inverted head and shoulder pattern is witnessed along with a bullish divergence on the RSI. If neckline is broken entry can be taken with 1:1 and 1:2 risk reward. Take profit 2 is kept just below the major resistance area.
Lucky Cement on PSX is rangeboundLuck Cement (LUCK) is observed to be rangebound between 577.94(S1) and 589.19(R1) on !H timeframe. However, in anticipation of the previous short-term uptrend, a Buy Stop has been placed above R2 on 596.48 with SL below R1 588.04. TP1 and TP2 have been placed propotionately.
LUCK - DOUBLE TOP IN PLAY#LUCK - DOUBLE TOP IN PLAY!!
▪️price rejecting from the top @ 540🔻
▪️highly overbought 🔻
▪️immediate support lies b/w around 518 - 506
▪️BREAK ABOVE 540, WILL EXTEND GAINS 550 - 554 - 556. 🔝
LUCK - Trend Continuationupside trend is likely to continue as price moving is parallel Channel with no divergence.
