Under Pressure
Our Pivot: 45.00
Our Preference: Start short selling MLCF and average it out till 43.66 with strict stop loss of 45.00 and profit target at 40.80 with extension towards 39.70.
Alternate Scenario: Upward penetration of 45.00 will call for 46.50.
NOTE: MCLF have given bearish breakout of its strong supportive trend line on daily chart.
Chart with supports & resistances:
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