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MAPLE LEAF CEMENT FACTORY LTDMAPLE LEAF CEMENT FACTORY LTDMAPLE LEAF CEMENT FACTORY LTD

MAPLE LEAF CEMENT FACTORY LTD

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MLCF trade ideas

Beautiful Bullish Flag (M) Eying BreakoutA beautiful bullish flag has formed on the monthly charts, with projections around 56 . However, there is strong resistance around 48 , which could be a good point to offload a small portion and consider rebuying after a pullback or once the resistance is cleared. The exact target of the projections will depend on the value where the breakout occurs, so adjust your strategy accordingly! Note: Always consider your own research and risk management before making any decisions.
PSX:MLCF
by PSX_Learner
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.
PSX:MLCFLong
by mbaberhanif
MLCF/PSXA bullish flag is a technical analysis pattern that indicates the continuation of an existing uptrend in a financial asset. It is named for its resemblance to a flag on a pole, where the "pole" is a sharp price increase and the "flag" is a period of consolidation or slight retracement that follows. Characteristics of a Bullish Flag: Flagpole: A significant and rapid price increase leading up to the flag. Indicates strong bullish momentum. Flag: A period of consolidation or slight downward retracement. Typically takes the shape of a rectangle or parallelogram that slopes against the prevailing trend (downwards in this case). Volume tends to decrease during the formation of the flag. Breakout: Occurs when the price breaks out above the upper boundary of the flag. Confirmation of the pattern and often accompanied by a spike in volume. Interpretation: Continuation Pattern: The bullish flag suggests that after a brief consolidation, the price is likely to continue moving in the direction of the previous trend (upward). Price Target: The potential price target after the breakout can be estimated by adding the length of the flagpole to the breakout point.
PSX:MLCFLong
by B9A-88652-NisarAhmad
✳️ MLCF | Low Risk vs High RiskMLCF is currently exhibiting indications of a breakout from its descending trend line, indicative of a shift towards an uptrend. A notable supply zone is situated around the price level of 50.90, which may present resistance and necessitate a decisive breach to facilitate further upward movement. The substantial trading volume is reinforced by a notably strong RSI, suggesting a robust market sentiment. A target price of 50.90 has been delineated, reflecting a prospective gain of 32%. Thank you for reading. If you boost, I know you enjoyed the content and I can continue to publish more. Feel free to follow. Thanks a lot for your support. Assalam O Alikum.
PSX:MLCFLong
by mbaberhanif
MLCF | Flag PatternWe're looking at two possible outcomes based on the flag pattern we've noticed in MLCF stock. Firstly, if the stock price breaks out and closes above 38, it confirms the flag pattern. According to this pattern, the initial target could be around 43. If the pattern completes, the target could go up to around 50. On the other hand, there's a chance the stock could drop. In this case, a support level is expected to be around 31-32. If it reaches this level, a rebound in price, known as a pullback, is anticipated.
PSX:MLCF
by mbaberhanif
MLCFThe prevailing market conditions indicate that the price action is currently confined within the parameters of a triangular pattern, with established resistance observed within the 40-43 range. A discernible observation is the stock's positioning in the concluding phases of this pattern, identified as wave E, thereby suggesting the culmination of intermediate wave C within the evolving upward corrective cycle. A breach beyond the resistance at 43 would serve as a catalyst for an upward trajectory, setting a prospective target in the vicinity of 50.90. Furthermore, the Relative Strength Index (RSI) indicator is noteworthy for its positioning within the overbought zone, situated above the level of the preceding low. This nuanced trend in the RSI aligns with the overarching uptrend in the market. Conversely, a weekly closure beneath the threshold of 36 would signify a vulnerability in the price dynamics, potentially paving the way for a subsequent descent towards the subsequent support level at 34.
PSX:MLCF
by mbaberhanif