Trade ideas
CEPB — Channel Breakout in Progress with Strong Volume ConfirmatCentury Paper (CEPB) has been trading within a well-defined downward parallel channel for a long period. The stock has now reached a key breakout point, showing high volume and bullish momentum.
Recent candles are testing the upper channel resistance, and a confirmed breakout above this trendline could trigger a strong upside move. The pattern also shows multiple touches on both upper and lower boundaries, validating the channel structure.
Technical View:
📊 Weekly timeframe
🔹 Strong volume spike on recent sessions
🔹 Price testing upper trendline resistance
🔹 Potential breakout target: ₨40.4
🔹 Key support: ₨26–27 range
Bullish Scenario:
If price sustains above ₨32.5–33 with volume, we may see a move toward ₨40+, marking the completion of a channel breakout.
Bearish Scenario:
Failure to hold above ₨30 could lead to a retest of the lower boundary around ₨25–26.
Conclusion:
CEPB is showing early signs of a trend reversal from a long-term downtrend. Watch for a breakout confirmation above the resistance line with continued high volume for potential upside continuation.
CEPB is BullishPrice action was in complete control of bears, as price was consistently printing lower highs and lower lows. However, now with breaking of previous lower high, bulls seem to have taken control of the price action, and it seems that a bullish reversal has started. Targets are mentioned on the chart.
PSX: CEPB TIME FOR SMART ENTRYCEPB a company from paper & board sector.
The price rose very sharply from the start of November and from last 4 sessions the price is retracing. We suggest a buying zone in accordance with the fib. levels.
There is a chance that the price my ping pong between resistance and trend line above it.
For quick reference the Stop Loss & TP has been marked on the chart.
Have a profitable trading.











