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MURREE BREWERY LTDMURREE BREWERY LTDMURREE BREWERY LTD

MURREE BREWERY LTD

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MUREB trade ideas

Murree Brewery Limited In the context of a cup and handle pattern, the cup materializes as the value of an asset undergoes an initial ascent, subsequently followed by a gradual descent, culminating in a rounded bottom reminiscent of a "U" shape. Presently, the price action is demonstrating the formation of such a "U" shape, with an anticipated completion near the 403.90 mark. Following this stage, a rejection is expected to occur. Notably, from the current valuation of 338 rupees, a potential gain of 19.50% is discernible before the onset of the anticipated rejection phase, subsequently paving the way for the establishment of the pattern's handle.
PSX:MUREBLong
by mbaberhanif