TGL Cup & Handle bullish formation and breakout

Tariq Glass Limited (TGL) formed a cup & handle pattern few days ago. The stock has now broken out of this pattern with a bullish candle on high volume.

TGL had a volume of 1.49mn shares today which is well above its average daily volume for this year.

The company also has its board meeting on the coming weekend and the stock could well be positioning itself for a possible positive result.

📢 Announcement: We're Moving to Discord – Join Us There! 

Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/kST9hWjS

Either way, it is worth keeping an eye on. The economy seems to be opening back up and interest rate cuts could start anytime. In such a scenario, cyclical stocks like TGL always benefit.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →