MLCF | Parallel Channel
🚀 Stock Alert: MLCF
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 38.50
🎯 Target Level : 42
⚠ Stop Loss: 36.20
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 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.
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 38.50
🎯 Target Level : 42
⚠ Stop Loss: 36.20
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 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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