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.
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