CEYLON TOBACCO COMPANY PLC
Long
Updated

CTC | Stage 1 Base

104
The stock has formed a stage 1 base after a long stage 4 downtrend. If the stock manages to break above the ascending triangle pattern at the 674 level, it may move towards the 781 levels to potentially retest the long-term descending trendline.

Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Trade active
03/03/2023
The stock has broken out of the ascending triangle pattern. Stop-Loss can go below pattern high of Rs. 674.

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