CPHL trade ideas
City Pharma LimitedStrength
1)According to dow theory city pharma limited is following uptrend and never break recent lower high.
2)Creating clean AB:CD pattern on daily and weekly time frame.
3) Completed 50 to 60% retracement on daily and weekly time frame and it looks good for uptrend from current price level.
Weakness
1) Price level of 92 to 93 showing rejection if it sustain above this price then we can expect good uptrend
Recently made LL on Shorter TF, but..Recently made LL on Shorter TF,
but also it is a Support level with Double Bottom.
Hidden Bullish Divergence on Daily TF.
Immediate Support lies around 86 - 89
& Immediate Resistance is around 91 - 92.
Sustaining 91 - 92 on Weekly TF, would
lead it towards 98 - 99.
Ultimate Target (if 109-110) is Sustained,
is around 128 - 130.
Should not break 81 now.
CPHL Analysis Stock Analysis By : Ali Safwan
On : 06 March 2025
Price Action & Trend
Stock is in a correction phase, with retracement from highs.
Weekly Support Strength trendline is still intact, but the price is testing it.
If price breaks below this trendline, further downside correction can happen.
Consolidation Zone
The gray area (~63.90 - 74.60 PKR) shows past consolidation.
If the price drops further, this area could act as a demand zone.
Volume & Momentum
Volume has declined compared to the earlier rally.
Momentum is weakening, but price is near key support.
CITI PHARMA-Sideways Trend for 22% & 35% gainShort-Term Outlook: The stock is bearish, as indicated by the RSI, Klinger Oscillator, and price action near support levels.
Potential Entry Points: If the RSI starts climbing above 35-40, and the price holds support at 85.60 or 80.01, it could present a buying opportunity.
Risk Factor: If the price breaks below 80.01, expect further downside towards 72.04 or lower.
Confirmation Needed: Look for increased volume and positive oscillator movement before making bullish trades.
Buy-1: 80
Buy-2: 76
Buy-3: 72
CPHL Breakdown – Bearish Trend Confirmation?CPHL has broken below a key lower high, signaling bearish momentum on the 1H timeframe. With increasing selling pressure and RSI at 24 (oversold), further downside is possible unless buyers step in. If support at holds, a short-term bounce could occur. However, failure to reclaim resistance may lead to further declines. Watching for confirmation before entering a trade.
What’s your outlook? Drop your thoughts below! 📉🔥
CPHL | Trade SetupCPHL is currently in an overbought zone, and profit-taking is advised at higher levels. The price action has surpassed its previous high of 101, reaching a new peak of 109.30. The previous resistance at 101 now serves as a support level, and a long position may be considered once support is firmly established around this level. The next potential target for the upcoming impulse move is approximately 118. To manage risk effectively, a stop-loss should be placed below 92.50. This swing trade setup anticipates a potential gain of 16.83%.
CPHL - PSX - Technical AnalysisCiti Pharma is in bull run for almost past 9 months. On Monthly TF, Cup has been formed but Handle is yet to be made. See picture pasted on the chart. For that price must retrace a bit to Fib 0.23 to 0.38. In that case Entry will be at retrace and TP will be equal to depth of the cup.
On the other hand if price does not retrace then entry should be sufficiently above the Daily Resistance level so that it then becomes its support level.
RSI and KVO both are supporting the bull run continuation.
Trade Values
BUY-1: 53
BUY-2: 42
TP: 81
SL : 38 (HL)
CPHL-Buy CallAfter listing in PSX in 2021, the instrument posted high of around 50. After that it was in bearish trend and touched low of around 19. However, during last three years, the instrument made typical Cup and handle pattern and gave breakout with huge volume. Now it is in bullish trend and making HH and HL. One can make entry at current market price and target cup and handle projection up to 80.
CPHL | Cup & Handle PatternCPHL is currently forming a cup and handle pattern, with the cup already completed. The stock is expected to experience a pullback as it forms the handle, with the neckline situated around Rs. 35.67. Initial support for the handle is anticipated in the range of Rs. 31.70 to Rs. 31, where a long position can be considered. A break above the neckline could encounter intermediate resistance around Rs. 40, while the pattern's projection target is approximately Rs. 49.70.