CPHL continuing upward moveCPHL was in correction phase know showing bullish signs on daily char, current levels are good for buying .
CPHL trade ideas
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.
CPHLPrice in up Trend forming HH, HL.
Price is consolidating for the upward move, as per Formation projection.
CPHLWait for the break out from resistance level other wise profit taking from resistance level is expected, and pull back from support. Keep an eye on it.
CPHL - BULL FLAG, TARGET: 35.20CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long!
TARGET: 35.20
CPHL is BullishCPHL has given a breakout from the downward trend after bullish divergence appeared on RSI. It also successfully broke the previous lower high and printed a higher high indicating that bulls are taking control of the price action. If it forms a higher low, it could move up to new highs soon. Targets are mentioned on the chart.
Play PatientlyBuy1 around 21 - 21.30 | Sell around 22 - 22.30
Buy2 around 19.30 - 19.50| Sell around 20.50 then 21.50
Stoploss 19 (Closing basis)
PSX: CPHLCPHL currently developing correction wave B with regular Flat aimed move higher after completion of the pattern
