CPPL trade ideas
CPPL – Channel Support Bounce with Multi-Target SetupCPPL is trading within a rising channel and has recently bounced from its lower trendline support, indicating potential bullish continuation. The short-term target is set at 124 , mid-term at 136 , and the swing trade setup aims for 150 , aligned with the upper channel resistance. The stop-loss is placed at 110.63 , giving a favorable risk-to-reward ratio of 1 : 4, supported by the uptrend structure and recovery from recent consolidation.
CPPL* Price is around **107 PKR**, sitting near a **strong support zone (105–100 PKR)**.
* **Resistance levels:** 114 PKR (near-term), 142–145 PKR (major).
* **RSI \~34–40** → close to oversold, possible reversal zone.
* **Bullish case:** Bounce from support could aim for 114 → 142 PKR.
* **Bearish case:** Breakdown below 100 PKR may lead to 85 PKR.
👉 Key level to watch: **100 PKR support**. Holding = recovery, breaking = deeper downside.