LOTCHEM - ABCD Pattern Intact! Is 38 the Next Target?Noventra LimitedPSX:LOTCHEMHouse-of-Technicals**LOTCHEM – Technical Analysis** **Closing Price: 23.89 | 30 October 2026** The ABCD pattern remains intact, with **Point C around 18** acting as a crucial level. As long as this level holds, the broader uptrend remains valid. Although the pattern projects a potential target around **38**, the **32–35** zone is likely to be a significant resistance area and may pose a challenge to further upside. On the positive side, the weekly closing is reasonably encouraging. Meanwhile, **22.40–22.80** is an important confluence zone where two trendlines intersect, making it a key area to watch. **Overall View:** The technical structure remains positive, with the uptrend intact as long as Point C (around 18) is not breached. The immediate focus should remain on the 22.40–22.80 support zone and the ability of price to overcome the 32–35 resistance area.