MLCF Maple Leaf Cement Analysis 30 August 2013 (Revised)

August 30, 2013 9:31 amComments Off on MLCF Maple Leaf Cement Analysis 30 August 2013 (Revised)Views: 317

Rebound Insight

Our Pivot:23.06

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.

Recommendations:

For New Entries (Buy till 23.46)

Weekly Chart with Supports and Resistance:

MLCFW30082013

 

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