Buy CEPBBuy at 31 and sell at 37.
It looks like a strong setup.
Mini uptrend and RSI is also bullish indicating a buy signal.
CEPB trade ideas
CEPB - Century Paper and Board1-Emerging Pattern
2-Break Triangle
3- Target Price Equeal To Previous Low and High.
CEPB is BullishPrice action was in complete control of bears, as price was consistently printing lower highs and lower lows. However, now with breaking of previous lower high, bulls seem to have taken control of the price action, and it seems that a bullish reversal has started. Targets are mentioned on the chart.
Weekly Closing Above 26.40 will be a positive signBuy1 around 26.80 - 27.20 |Sell around 29 - 31
Buy2 around 24.30 - 24.70 |Sell around 26 - 27
Stoploss 22.30 (closing basis)
Century Paper - Capitalizing on overall bullish sentimentCentury Paper Mills is on a roller coaster ride capitalizing on the overall bullish sentiment prevailing in Pakistan Stock Exchange. Price action suggest another bull run from support zone marked by recent swing low.
CEPBPLAN 1
Buy1 around 32.50 - 33
Buy2 around 30
Stoploss 29 (closing basis)
TP1 : 34.50
Tp2 : 35.50
PLAN 2
Buy Above 36.50 (Breakout)
Sell around
Stoploss 29 (closing basis)
PSX: CEPB TIME FOR SMART ENTRYCEPB a company from paper & board sector.
The price rose very sharply from the start of November and from last 4 sessions the price is retracing. We suggest a buying zone in accordance with the fib. levels.
There is a chance that the price my ping pong between resistance and trend line above it.
For quick reference the Stop Loss & TP has been marked on the chart.
Have a profitable trading.
CEPBCEPB - 1D: Price action is presently making higher high and higher lows with supports defined around 24. It appears that the stock is in the bullish momentum since price pulled back from 0.618 Fib level. 30.14 and 32.22 are the first and second resistance level respectively.
