MLCF Maple Leaf Cement short term analysis 16th Nov. 2020
Rebound Insight
Further Advance
Our Pivot: 37.00
Our Preference: Start buying MLCF from current price and average it out till 38.54 with strict stop loss of 37 and profit target at 42.20 with extension towards 44.00 and 49.30.
Alternate Scenario: Downward penetration of 37.00 will call for 34.00.
NOTE: MLCF is moving back after completing its 50% correction and getting support from a strong supportive trend line.
Daily chart with supports & resistances:
Leave A Comment
Required fields are marked *. Your email will not be published or shared.