MLCF Maple Leaf Cement short term analysis 16th Sep. 2020

Further Advance

Our Pivot: 36.50

Our Preference: Buy MLCF as long as its trading above 38.70 with strict stop loss of 36.50 and profit target at 42.00 with extension towards 43.15.

Alternate Scenario: Downward penetration of 36.50 will call for 34.00 and 32.85.

NOTE: MLCF is moving in a bullish price channel on daily chart and its moving upside after completing its daily correction.

Daily chart with supports & resistances: