MAPLE LEAF CEMENT FACTORY LTD
Long
Updated

MLCF | Parallel Channel

358
๐Ÿš€ Stock Alert: MLCF

๐Ÿ“ˆ Investment View: Technically Bullish ๐Ÿ“ˆ

๐Ÿ” Quick Info:
๐Ÿ“ˆ Entry Range: 38.50
๐ŸŽฏ Target Level : 42
โš  Stop Loss: 36.20
โณ Nature of Trade: Short Term (Scalping)
๐Ÿ“‰ Risk Level: Medium
โ˜ช Shariah Compliant: YES
๐Ÿ’ฐ Dividend Paying: NO
๐Ÿ“ฐ Technical View: The price is in an ascending parallel channel and making higher highs and higher lows with the closing at 38.09 in the last trading session. A pull back from the lower channel is observed for the target of 39.40 and upon break out it can test 41 level. Use stop loss at 37 if it break below of the channel.
Trade active
Pulled back after stop hunt!
Trade closed: stop reached

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