Thatta Cement Co. Ltd.
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THCCL - PSX - Technical Analysis - Time to Sell

248
On dailty TF, THCCL is going down very sharply. KVO and RSI also suggest that there is Selling Pressure due to profit booking. Due to snowball effect prices will soon be testing previous FVG and Support levels. If someone is holding this SCRIPT should sell off immediately at CMP on Monday pre-market by bidding lower lock value (bidding Lower lock does not mean that it will be sold at lower lock rather will be sold at AVG price of premarket but lowest bidder will get the priority of selling as you may not find ample of Buyer at that level).
The SCRIPT is fundamentally strong and is giving opportunity to accumulate it at lower levels. Once it will test lower support level then it should be bought. It's pattern sounds similar to the Bull Run of MARI Script. So be watchful.
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The analysis has not gone well. In fact price has bounced back from Fib retracement of 57% which is a Golden Pocket zone. Therefore, now I think that it has defined Higher Low and now price will move up in AB=CD pattern. If anyone buys now then TPs should be 116 and 124.
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Also understand that volumes are low as no body is selling.

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