Maple Leaf Cement Factory Limited (MLCF) is currently at key resistance. After long consolidation and price moving in a rectangular pattern, a break above the resistance of 51.4 will lead to a further rally. Volumes have been strong in the previous few sessions as well.
A long position can be taken once the price breaks above 51.4 and stop loss can be adjusted accordingly.
On the monthly time frame, key resistance lies at 50.9. A further rally. The price closes above this level on the last day possible if t. Volumes have also been strong in the previous few months, which is another positive indicator.
The company also posted an exceptional result in 2Q2025 with an earnings per share(EPS) of 3.57, which is higher than peers in the same price range. Hence, the stock is also trading at an attractive price-to-earnings ratio as well. With interest rates expected to drop further, a further rise in earnings is possible. Therefore, this could be a good company to keep an eye on.
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