MLCF Maple Leaf Cement short term analysis 16th Nov. 2020

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Further Advance

Our Pivot: 37.00

Our Preference: Start buying MLCF from current price and average it out till 38.54 with strict stop loss of 37 and profit target at 42.20 with extension towards 44.00 and 49.30.

Alternate Scenario: Downward penetration of 37.00 will call for 34.00.

NOTE: MLCF is moving back after completing its 50% correction and getting support from a strong supportive trend line.

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

40.36

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports39.4438.5237.84
Resistances41.0441.7242.64
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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