Our Preference: Buy MLCF Till 23.46 with a strict stop loss of 22.85 and profit target at 28.18
Alternative Scenario: Downward Penetration of 22.80 will call for 20.56
NOTE: MLCF is trying to fulfill its short term corrections along with retesting its supportive lines since Nov. 2012 so a short term rebound is insight for a spike in MLCF, so its recommended to buy MLCF above given levels.
For New Entries (Buy till 23.46)
Weekly Chart with Supports and Resistance:
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