MLCF Maple Leaf Cement short term analysis 7th April 2021
Further Advance
Illustration by CapitalMarkets
Rebound Insight
Our Pivot: 43.00
Our Preference: Ste art buying MLCF from current price and average it out till 44.00 with strict stop loss of 43.00 and profit target at 46.40 with extension towards 47.30.
Alternate Scenario: Downward penetration of 43.00 will call for 41.50 and 40.30.
NOTE: MCLF have given bullish breakout of its descending wedge on hourly chart and now its heading towards its resistant region.
Chart with supports & resistances:
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