LSECL LONG TRADE 10-June-2025LSECL LONG TRADE
LSECL listed on PSX in June 2024, has shown significant movement since then. After consolidating in a SCALOP formation, the stock gave a breakout in December 2024. It reached a higher high of PKR 7.47 before entering a corrective phase within a yellow channel.
The stock price is currently moving within a larger, upward-slanting channel marked in light blue. After giving a selling climax and exiting the corrective yellow channel, the price took support at PKR 3.9, re-entered the channel, and continued upwards, breaking out with volume gradient support.
🚨 TECHNICAL BUY CALL – LSECL🚨
- *Buying Level 1*: PKR 5.56 (current level)
- *Buying Level 2*: PKR 5.26
- *Buying Level 3*: PKR 5.01
Target Prices
- *TP1*: PKR 6.22
- *TP2*: PKR 6.68
- *TP3*: PKR 7.4
Stop Loss below PKR 4.6 (Daily Close)
Risk-reward ratio of 3.3.
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
