CHCC trade ideas
CHCC - PSX - Buy Call - Trend AnalysisAfter a sharp bull run of 7 days, as such there is no sign of reversal or retracement yet, as there is no divergence on RSI and Klinger is also showing bull run. Therefore, one may continue entering the trade.
However, for me price should come down a bit at around 236~246 level. Then after staying in that region for a week or two to define a new Higher Low, it should enter another bull run.
For that my trade would be:-
LONG Trade Values
Entry (Buy): 236 ~ 246
TP: 350
SL: 210
CHCC - PSX -Daily Buy Trade CallCHERAT CEMENT
Klinger is above Zero indicating Bullish trend. However, Blue line is yet to cross green line - once it does so, bull run will take momentum.
RSI indicator suggests a Hidden Bullish Divergence means continuation of an uptrend.
Technically correct entry will be after price reaches 182.00.
LONG (Buy) Trade Call
Entry : 182
TP: 200
SL : 173
CHCC:- BULLICH TREND TO CONTINUEThe script has been in bull run. Since the start of this year the scrurity has not been able to cross over the 170. In this process the triangle has been formed which is a continuation pattern. SL in this scenario is 141 and TP is 195.
Due diligence and strict money managament is solicited.
Have a profitable trading.
CHCC:- BULLICH TREND TO CONTINUEThe script has been in bull run. Since the start of this year the scrurity has not been able to cross over the 170. In this process the triangle has been formed which is a continuation pattern. SL in this scenario is 141 and TP is 195.
Due diligence and strict money managament is solicited.
Have a profitable trad ing.
PSX: CHCC Journey resumed .Cherat Cement Co. is a cement manufacturer in Pakistan.
Recently it gained a price hike in a smooth uptrend. It has been in retracement and it is showing the signs of reversal.
If it reverses from here the medium term target shall be 162.90. Wheras in short term the resistance it shall be facing shall serve as the TPs.
Our cautious friends may initiate trade at 163 for others enter the trade when it suits your style.
CHCC Parallel ChannelCHCC continues its parallel channel and have potential to make new high after crossing resistance level of 138. however, stop loss can be place below the channel.
CHCCCHCC is currently adhering to a parallel channel pattern. If this channel were to break, the next potential price movement could involve a test of the support level around 116 and a challenge of the resistance level near 150.
