#Lucky Core Industries (LCI) – PSX Weekly AnalysisFundamental Outlook
Lucky Core Industries (formerly ICI Pakistan) is one of Pakistan’s largest conglomerates with diversified operations in soda ash, polyester, pharmaceuticals, animal health, and chemicals. The company benefits from strong domestic demand in industrial raw materials and consumer-linked segments. Its fundamentals are supported by:
Consistent revenue growth driven by diversified business streams.
Strong brand presence and a leading market share in soda ash.
Strategic backing from the Lucky Group, enhancing financial stability and expansion capacity.
Challenges include rising energy costs, PKR depreciation impacting imported raw materials, and interest rate pressure, though the company has historically navigated such cycles effectively.
Overall, LCI remains a resilient long-term play on Pakistan’s industrial and consumer demand growth.
📈 Technical Analysis
Pattern Observed: AB=CD harmonic pattern with Fibonacci retracement levels plotted.
Trend: Strong uptrend for the last 2.5 years, consistently printing higher highs (HH) and higher lows (HL).
Recent Action: Price is undergoing a corrective retracement after peaking near Rs. 396, currently holding at the 0.5 Fibonacci golden level (~Rs. 321). If pressure continues, next support lies near Rs. 305 (Fib 0.618).
Buying Strategy: Suggested accumulation near Fib 0.5–0.6 zones (321–305) with SIP (systematic investment plan) approach.
Targets:
TP1: Rs. 364
TP2: Rs. 400
Stop Loss: Rs. 247.92 (below last structural support).
RSI: Currently around 50, suggesting neutral momentum after a corrective phase, leaving room for an upward move if buyers step in.
Combined Outlook
From a fundamental perspective, LCI remains a strong long-term industrial and consumer cyclical stock, with diversified revenue streams shielding it from sector-specific shocks.
From a technical perspective, the stock is in a healthy retracement within a long-term uptrend. Accumulating around the 0.5–0.618 Fibonacci retracement levels offers a favorable risk-reward setup, with clear upside potential towards 364–400+ if momentum resumes.
✅ Conclusion: Lucky Core Industries remains a buy-on-dips candidate. Investors with a medium-to-long horizon can accumulate systematically at current retracement levels, while short-term traders may aim for 364–400 targets. Sustained momentum could carry the stock beyond Rs. 400 in the coming quarters.
