Lucky Cement (LUCK) is forming an ascending triangular pattern

Lucky Cement (LUCK) is forming an ascending triangular pattern with key resistance at 383-385. A break above this level can lead to a further rally. Price is also above the 9 EMA and using it as constant support. Volumes have been above the 20 MA in the previous few sessions. A long trade can be taken once the price breaks above the resistance.

A good result can be the trigger for a breakout, as the result will be announced on Monday. Hence, it could be a good stock to keep an eye on.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →