MLCF Maple Leaf Cement short term analysis 8th Jul. 2020

Further Advance

Our Pivot: 26.80

Our Preference: Start buying from current price and average it out till 27.55 with strict stop loss of 26.80 and profit target at 29.50 and 30.40.

Alternate Scenario: Downward penetration of 26.80 will call for 25.50.

NOTE: MLCF is in expansion mode of its daily wedge to target resistant trend line of its rising trend trend channel.

Daily chart with supports & resistances: