We can attempt to buy MLCF from specified level if it give breakout of range/yellow consolidation box ,LH, trendline resistance , also there is no bearish divergence at current levels indicate that it move upward . SL , TP mention in chart.
This is my analysis on MLCF and according to my analysis MLCF just break its resistance of 39.35 and the nest targets are 43, 46 & 50. Kindly take your profits and remember me in your prayers.
MLCF was trending downwards, however bears seem to be exhausted now and breaking of previous lower high confirms this sentiment. Formation of a Higher Low followed by a Higher High would mark the beginning of a bullish move as per Dow theory. Targets are mentioned on the chart.
MLCF is currently exhibiting indications of a breakout from its descending trend line, indicative of a shift towards an uptrend. A notable supply zone is situated around the price level of 50.90, which may present resistance and necessitate a decisive breach to facilitate further upward movement. The substantial trading volume is reinforced by a notably strong...
We're looking at two possible outcomes based on the flag pattern we've noticed in MLCF stock. Firstly, if the stock price breaks out and closes above 38, it confirms the flag pattern. According to this pattern, the initial target could be around 43. If the pattern completes, the target could go up to around 50. On the other hand, there's a chance the stock...
MLCF reversed bearish trend to bullish trend with entry through Fib Golden Ratio.
Call was shared on 26-11-2023 when it was at 39plus Made a low of 38.47 on 27-11-2023 Current rate 42.40
The prevailing market conditions indicate that the price action is currently confined within the parameters of a triangular pattern, with established resistance observed within the 40-43 range. A discernible observation is the stock's positioning in the concluding phases of this pattern, identified as wave E, thereby suggesting the culmination of intermediate wave...
Price consolidates and breakout around 41+ now with handsome volume moving to the next fib level around Rs.51+
As MLCF has given the breakout of LH and heading towards heights. apart from part of top volume leaders and we can also active buy back from MLCF company which is also strong indictor bullish trend expected. I highly recommend to hold the MLCF for long term. below are the Short term trading entry levels Entry:39.10 SL: 35.70 TP1:42.50 TP2:45.90
MLCF is trading in bullish trend and printing higher highs and higher lows
MLCF:PSX was analysed on 1D time frame and has been observed to print LHs and LLs. Simultaneously, bearish divergence is also evident on RSI. Therefore a short entry through a Sell Stop order has been on price breaking down below that last LL. SL has been placed above 61.8% fib level of swing as it hasn't completed forming the new LH. It may be adjusted in coming...
MLCF currently trades above its 200-period Simple Moving Average, indicating a bullish trend with higher highs and higher lows. If it breaks the initial resistance at 30.10, the next target is 33. The first support is at 28.30, with a secondary support at 26.52 if the initial support is breached. These levels serve as key references for price analysis.
MLCF continues uptrend after breaking its resistance level
On longer term it has broken weekly trend. Wait for the retrace and confirm for going long!!! Lets see what happens@@@