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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

MLCF : Uptrend but short-term pullbackKey Observations: Elliott Wave Count: Currently, the stock is at the peak of wave (3), indicating that a short-term correction (wave 4) might be expected before the price resumes its uptrend toward wave (5). 48-50 PKR is a strong demand area for a potential bounce,If its Hold an upward move toward 62-65 PKR is expected in wave 5. RSI It recently touched an upward trendline, indicating a potential overbought condition, possibly leading to a short-term correction.
PSX:MLCFLong
by jahanzaibM
MLCF WEEKLY TIME FRAME AND TRADE IDEAMLCF GAVE A BREAKOUT AT THE ACCUMULATION BOX. THE STOCK IS HEADING TO WEEKLY STRONG RESISTANCE AT 50.92 BUT EXPECTED TO BREAKOUT DUE TO THE SENTIMENT AND THE DESECENDING ACCUMULATION JUST BEFORE THE WEEKLY BREAKOUT LOOKS LIKE A CONFIRMATION. LOOKS LIKE THAT THE BIG PLAYERS HAVE FILLED UP THIER BAGS AND READY FOR THE BREAKOUT HOWEVER THIS MIGHT BE PLAYED NEXT WEEK OR IN THESE NEXT FEW DAYS WATCH FOR PRICE ACTION ON H2 AND H4 BREAKOUT AT 50.92 will start a new quick rally however a retest might be possible at the breakout level at 50.92 to 5. The next target will be 58 to 59. watch for order flows in orderbook. and look for the 5m timeframe above vwap session near breakout
PSX:MLCFLong
by abdul0705pvt
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
1
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