MLCF Maple Leaf Cement short term analysis 14th Jul. 2020

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Turning Down

Our Pivot: 33.86

Our Preference: Start short selling MLCF below 31.15 and average it out till 32.60 with strict stop loss of 33.86 and profit target at 28.20 with extension towards 25.60.

Alternate Scenario: Upward penetration of 33.86 will call for 34.60 and 35.40.

NOTE: MLCF is being capped by resistant trend  line of its bullish trend channel.

Daily 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

30.78

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports29.9329.0828.31
Resistances31.5532.3233.17
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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