CPHL trade ideas
CPHL will be double in value soon. Positive momentum and maintaining
support of 62 today, It is likely to cross 81.25, 100 and 120 levels.
I think it could cross 120 level in
January of February 2025.
Note: this is not a buy/sell call
Use stop loss whenever trade.
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 continuing upward moveCPHL was in correction phase know showing bullish signs on daily char, current levels are good for buying .
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
