CHCC Cherat Cement Short term analysis 8th Jun. 2020

Further Advance

Our Pivot: 83.50

Our Preference: Start buying CHCC from current price with strict stop loss of 83.50 and profit target at 89.80 with extension towards 93.70.

Alternate Scenario: Downward penetration of 83.50 will call for 81 and 79.

NOTE: CHCC is about to break a descending trend line of its daily triangle in upward direction.

Daily Chart with Supports & Resistances: