MLCF Maple Leaf Cement short term analysis 4th May 2021

Rebound Insight

Our Pivot: 39.70

Our Preference: Start buying MLCF from current price and average it out till 41.00 with strict stop loss of 39.70 and profit target at 42.50 and 43.90.

Alternate Scenario: Downward penetration of 39.70 will call for 37.50.

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

Chart with supports & resistances: