SCL - PSX - Technical AnalysisOn daily TF, price has been making cap after cap. Now volume has started to fall, therefore, it is expected that price will test 625~630 region and will drop sharply due to profit booking.
New entries should be avoided.
Then it is expected to drop around 425~440 region and will stay there for around 6 weeks before again going up.
Ideally buying should be initiated once price bounces back from 425~440 region and crosses 450. Then Target Price should be 620 and then 7690.
