Rebound Insight
Our Pivot: 13.10
Our Preference: Start buying LOTCHEM from current price and average it out till 13.70 with strict stop loss of 13.10 and profit target at 14.80 with extension towards 15.40.
Alternate Scenario: Downward penetration of 13.10 will call for 12.30 and 12.
NOTE: LOTCHEM is being supported by a rising trend line along with a horizontal supportive region.
Chart with supports & resistances:
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