MCB MCB Bank Short Term Analysis 19th March 2019

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Turning Down

Our Pivot: 200.50

Our Preference: Start short selling MCB below 198.90 with strict stop loss of 200.50 and profit target at 193.

Alternate Scenario: Upward penetration of 200.50 will call for 203.

NOTE: MCB is being capped by two strong resistance at 198 from a resistant trend line and at 200 Rs  by horizontal resistance respectively.

Daily Chart with Supports & Resistances:

MCB 4
Overview
Quick Snapshot
Free Float

414,771,002

O/S Shares

1,185,060,006

Market Cap. (m)

0.00

Var Value

12.50

Hair Cut

17.50

Last Price

217.37

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports216.26215.15214.28
Resistances218.24219.11220.22
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
4.82
3.31
QTD Price Return
4.82
3.31
3M Price Return
-12.89
-7.90
6M Price Return
-5.78
-3.71
9M Price Return
-8.17
-5.16
YTD Price Return
-2.58
-1.69
1Y Price Return
-24.02
-13.79
3Y Price Return
-33.78
-18.36
5Y Price Return
-62.78
-29.47

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