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LOTCHEM - Intraday Analysis - 05-09-2025

  • Sarfaraz Ahmad

Primary Structure:  Potential Bullish Impulsive. 

Primary Trend:  Bullish

Current Wave Structure: Potential Leading Diagonal.

Expectations:  The rise from the lows is very appealing, but is slow and overlapped, suggesting a leading diagonal in play. We are trading at the very late stages of this diagonal. Sooner or later, the consolidation phase may begin.

Recommendations: 3; Sell at the current level, i.e,  22.2.
2: Hold the longs.
1: Buy from 19-17 with stops below 15. Target will be communicated with the passage of time.
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