Further Advance
Our Pivot: 40.50
Our Preference: Start buying MLCF from current price and average it out till 42.30 with strict stop loss of 40.50 and profit target at 46.60 with extension towards 49.30.
Alternate Scenario: Downward penetration of 40.50 will call for 39.60 and 38.50.
NOTE: MLCF is moving in a bullish price channel and its in expansion mode of its previous triangle.
Daily chart with supports & resistances:
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