MCB Analysis 2.0MCB forms a continuation pattern with no divergence .
PLACE buy stop order at 217
SL at 201.89
Tp 1 at 233.
MCB trade ideas
MCB🚀 Stock Alert: MCB
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 185
🎯 Targets : 197
⚠ Stop Loss: 181
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Trend line break out is observed in the last trading session. The closing price of MCB was at 185.76. First and second resistance lies at 191 and 197 respectively. Stop loss can be placed below 181.
MCB-Bull FlagMCB is forming a bull flag pattern; a continuation pattern
Price will move upward as a result of this pattern
Flag projection will be confirmed at the break of poll"s top
