CPHL is already in a well-defined setup and the technical structure looks strong. The stock previously formed a rounded bottom (cup pattern) and is now trading in a consolidation range. The 83.50–84.00 zone is acting as a strong support, tested multiple times, indicating solid buying interest. Price action continues to form higher lows, which keeps the bullish structure intact.
📌 Key Positive Factors:
Insider buying observed during the last 2 weeks, reflecting management confidence
As per inside information, the upcoming result (in 3 days) is expected to show improved sales numbers, which could act as a catalyst
Volume has been relatively dry in recent sessions, a behavior often seen before a breakout. RSI (14) is holding above the 50 level with no major bearish divergence, suggesting momentum remains neutral to bullish.
Trade Plan:
Buy: Near CMP (fresh buyers can consider)
Stop Loss: 83.80 (strict)
Targets:
🎯 98–99 (channel breakout area)
🎯 103 (major breakout level)
🎯 105
🎯 109 (previous high breakout)
⚠️ Note: Results are near, so strict risk management is advised. A break below the stop loss will invalidate this view.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.