MLCF Maple Leaf Cement Intraday analysis 12th Aug. 2020

Further Advance

Our Pivot: 34.80

Our Preference: Start buying MLCF above 35.45 with strict stop loss of 34.80 and profit target at 37.

Alternate Scenario: Downward penetration of 34.80 will call for 33.60 and 32.80.

NOTE: MLCF is being supported by a rising trend line along with a strong horizontal supportive region.

Hourly chart with supports & resistances: