CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long! TARGET: 35.20
CPHL has given a breakout from the downward trend after bullish divergence appeared on RSI. It also successfully broke the previous lower high and printed a higher high indicating that bulls are taking control of the price action. If it forms a higher low, it could move up to new highs soon. Targets are mentioned on the chart.
Wait for the break out from resistance level other wise profit taking from resistance level is expected, and pull back from support. Keep an eye on it.
Buy1 around 21 - 21.30 | Sell around 22 - 22.30 Buy2 around 19.30 - 19.50| Sell around 20.50 then 21.50 Stoploss 19 (Closing basis)
CPHL currently developing correction wave B with regular Flat aimed move higher after completion of the pattern