MLCF Maple Leaf Cement Short term analysis 8th Jun. 2020

Further Advance

Our Pivot: 24.90

Our Preference: Start buying MLCF from current price with strict stop loss of 24.90 and profit target at 27.50 with extension towards 28.60.

Alternate Scenario: Downward penetration of 24.90 will call for 22.60.

NOTE: MLCF have given breakout of its daily triangle in upward direction.

Daily chart with supports & resistances: