Further Advance
Our Pivot: 36.50
Our Preference: Buy MLCF as long as its trading above 38.70 with strict stop loss of 36.50 and profit target at 42.00 with extension towards 43.15.
Alternate Scenario: Downward penetration of 36.50 will call for 34.00 and 32.85.
NOTE: MLCF is moving in a bullish price channel on daily chart and its moving upside after completing its daily correction.
Daily chart with supports & resistances:
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