CPPL LONG TRADE (SECOND STRIKE) 09-06-2024CPPL LONG TRADE (SECOND STRIKE)
After our previous call, where CPPL broke out of a downward channel with an inverted head and shoulder pattern, the stock achieved its expected targets. Now, it has pulled back and created a flipped institutional demand zone and a measuring gap on the daily timeframe. Currently, it's in a pullback phase, reaching safe areas for a long trade.
🚨 TECHNICAL BUY CALL – CPPL🚨
- Buy 1: PKR 113 (current price)
- Buy 2: PKR 108.2
- Buy 3: PKR 105
- TP1: PKR 119.8
- TP2: PKR 127.2
- TP3: PKR 137.6
- TP4: PKR 145.9
*Stop Loss:* Below PKR 100 Closing Basis
*Risk-Reward Ratio:* 1:3.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
