CWSM – LONG TRADE | 10 JULY 2025CWSM – LONG TRADE | 10 JULY 2025
CWSM previously traded in a distribution phase (light blue channel) before descending into a bearish downtrend (light pink channel). The price has now rebounded from an extreme low (blue line), forming a compelling long-term entry setup. The structure indicates a potential shift in control, with momentum building toward multiple quantified upside targets.
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CWSM trade ideas
CWSM - BULL FLAG BO, TARGETING: 74.00/-CWSM - Currently trading in a bull flag pattern on weekly charts, with a prominent breakout confirming the resumption of a bullish rally towards the pole target at 74.00 in the days ahead. Initially, it may hit the 50% target at 58.00 levels. The immediate risk is defined below 31.70. Go long according to your risk appetite.
Note: The company is on the defaulter counter. Chakwal Spinning Mills has approved a merger with a tech firm.