Rebound Insight
Our Pivot: 39.70
Our Preference: Start buying MLCF from current price and average it out till 41.00 with strict stop loss of 39.70 and profit target at 42.50 and 43.90.
Alternate Scenario: Downward penetration of 39.70 will call for 37.50.
NOTE: MLCF is being supported by an ascending trend line along with a strong horizontal supportive region.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.