MLCF Maple Leaf Cement short term analysis 30th March 2021

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Under Pressure

Our Pivot: 46.60

Our Preference: Short sell MLCF below 44.40 and average it out till 45.30 with strict stop loss of 46.60 and profit target at 42.30 with extension towards 41.50 and 40.30.

Alternate Scenario: Upward penetration of 46.60 will call for 47.60.

NOTE: MLCF have given bearish breakout of its ascending wedge on daily chart.

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

44.24

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports43.3642.4940.97
Resistances45.7547.2748.14
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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