Turning Down
Our Pivot: 497
Our Preference: Start short selling LUCK below 489.70 and average it out till 491.60 with strict stop loss of 497 and profit target at 479 with extension towards 475.
Alternate Scenario: Upward penetration of 497 will call for 502.
NOTE: LUCK is being caged in a triangle on hourly chart and right now its facing resistance from a strong horizontal resistant region.
Hourly Chart with Supports & Resistances:
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