MLCF Maple Leaf Cement Short term Analysis 11th May 2020

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Downside Prevails

Our Pivot: 28.60

Our Preference: Short sell MLCF below 26 and average it out till 27.30 with strict stop loss of 28.60 and profit target at 23.40 with extension towards 22.30

Alternate Scenario: Upward penetration of 28.60 will call for 30 & 31.10.

NOTE: MLCF is being capped by a descending trend line on daily and weekly chart mean while weekly momentum indicators have changed their direction towards bearish side.

Weekly Chart with Supports & Resistances:

MLCF 25
Overview
Quick Snapshot
Free Float

494,255,804

O/S Shares

593,700,666

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

25.81

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports25.5525.3024.97
Resistances26.1326.4626.71
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
1.96
5.44
QTD Price Return
1.96
5.44
3M Price Return
3.71
10.83
6M Price Return
4.66
13.99
9M Price Return
-8.78
-18.78
YTD Price Return
1.95
5.42
1Y Price Return
-7.40
-16.31
3Y Price Return
12.87
51.30
5Y Price Return
-54.46
-58.93

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