CHCC trade ideas
PSX: CHCC Journey resumed .Cherat Cement Co. is a cement manufacturer in Pakistan.
Recently it gained a price hike in a smooth uptrend. It has been in retracement and it is showing the signs of reversal.
If it reverses from here the medium term target shall be 162.90. Wheras in short term the resistance it shall be facing shall serve as the TPs.
Our cautious friends may initiate trade at 163 for others enter the trade when it suits your style.
CHCC Parallel ChannelCHCC continues its parallel channel and have potential to make new high after crossing resistance level of 138. however, stop loss can be place below the channel.
CHCCCHCC is currently adhering to a parallel channel pattern. If this channel were to break, the next potential price movement could involve a test of the support level around 116 and a challenge of the resistance level near 150.
