Pattern Breakout Watch: CHCC Aims for New HighsCHCC on the daily timeframe is showcasing a well-formed Cup and Handle pattern, a classic bullish continuation setup that signals accumulation before a breakout. The price has completed the rounded base of the cup and is currently approaching the neckline resistance near PKR 305. A confirmed breakout above this level could trigger a strong upward move, with the projected target around PKR 389, representing a potential upside of over 28%. Volume buildup during the formation adds further conviction to the pattern’s reliability. If the handle forms with low volume and holds above support, it would present an ideal breakout scenario with bullish momentum expected to continue.
