Ø The drivers of the rally made their exit yesterday @ 35/= and entered CLC . Without the drivers now the share is in neutral gear. At any moment it will start the reverse run and not like CLC it will create many damages to the retailers’ portfolios.
Ø RSI value has reached the resistance level and the Share need a good rest if it wants another rally.
Ø Expected announcement from LOCH has no relevance to LOFC counter. Announcement directly effect NIFL and CLC .
Ø CLC just started its second mega rally yesterday trading 6 Mn shares up Rs 10/- . It is forecasted by many brokers that CLC will touch 300/=
Ø Huge selling pressure expected on today as all retailers started shifting from LOFC to CLC yesterday.
Ø Transfer of LOFC to LOCH will take place in next year (2022) hence retailers have enough time to trade CLC and come back for LOFC in next year.
Ø Today technical indicators will signal SELL for LOFC .
Today = 17th November 2021
Last edited by Elite_SGX on Wed Nov 17, 2021 12:21 am; edited 1 time in total