Rebound Insight
Our Pivot: 39.70
Our Preference: Start buying MLCF from current price and average it out till 41.00 with strict stop loss of 39.70 and profit target at 42.50 and 43.90.
Alternate Scenario: Downward penetration of 39.70 will call for 37.50.
NOTE: MLCF is being supported by an ascending trend line along with a strong horizontal supportive region.
Chart with supports & resistances:
MLCF 25
Level | 1st | 2nd | 3rd | Supports | 41.04 | 40.29 | 39.77 | Resistances | 42.31 | 42.83 | 43.58 |
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