MLCF Maple Leaf Cement short term analysis 26th Jun. 2020

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Rebound Insight

Our Pivot: 24.20

Our Preference: Start buying MLCF above 25.20 and average it out till 24.50 with strict stop loss of 24.20 and profit target at 26.10 with extension towards 26.60 & 27.30.

Alternate Scenario: Downward penetration of 24.20 will call for 23.50 and 23.00.

NOTE: MLCF have found support at supportive trend line of descending wedge on daily chart.

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

24.88

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports24.6024.3324.05
Resistances25.1525.4325.70
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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