MLCF Maple Leaf Cement Analysis 24 June 2013

• 2013-06-24 08:02:08
• 28 Comments
• 103 Views
• kse-analysis
• Noor Maier

Rebound Insight

Our pivot: 20.55 Our Preference: Buy MLCF above 22.91 and 23.14 with strict stop loss of 22.28 and profit target at 25.13 and 27.27 keeping in view impact of DR announcement for Intraday and Short Term Trades. But for long and mid term purchase of MLCF make good averages till 21.14 and post stop loss at 20.55 and profit target at 25.13 and 27.27 Alternative Scenario: Downward Penetration of 20.55 will call for 19.13 NOTE: ON daily basis MLCF is going to get a support at 22.91 from its upward trend line along with a fundamental event of Discount Rate as its going to support Cement Industry which is heavily dependent on Bank Loans. Recommendations: For New Entries (Buy Above 22.91 and 23.14) Daily Chart with Supports and Resistance: Weekly Chart with Supports and Resistance:

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