COLPAL | Double Bottom Retest + Volume Breakout

186
๐Ÿš€ COLPAL | Double Bottom Retest + Volume Breakout

๐Ÿ“Œ Pattern Setup:
๐Ÿ”น Double Bottom retest spotted
๐Ÿ”น Bullish Engulfing candle at support
๐Ÿ”น Breakout candle with strong volume surge

๐Ÿ“Š Technical Snapshot:
RSI: 58 โ†’ Healthy momentum
MACD: Bullish crossover
CCI: 107 โ†’ Strong positive bias
Stochastic: 89 โ†’ Overbought but strong
Volume: 1.22M vs 626k avg โ†’ โšก Breakout confirmed
๐Ÿ›  Levels to Watch:

๐Ÿ”ผ Long Entry: Above 2357.9
๐Ÿ”ฝ Stoploss: Below 2243
๐ŸŽฏ Targets: 2472 | 2587
๐Ÿ“‰ Pullback Buy Zone: 2291โ€“2273
โŒ Invalidation: Below 2207

โšก Resistance Levels: 2382 | 2424 | 2490
โšก Support Levels: 2274 | 2208 | 2167
๐ŸŽฏ Fibonacci Zones: 2378 โ†’ 2449 โ†’ 2519 โ†’ 2619 โ†’ 2747

๐Ÿ’ก View:
COLPAL is breaking out from a Double Bottom Retest with strong volume & bullish signals. Sustaining above 2358 could open the gates towards 2472 โ€“ 2587 in the short term.
๐Ÿ‘‰ Bias: Bullish till 2207 holds.


โš ๏ธ Disclaimer โ€“ Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading โ€” whether in stocks or options โ€” carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works โ€” practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.

๐Ÿ’ฌ Found this useful?
๐Ÿ”ผ Give this post a Boost to help more traders discover clean, structured learning.
โœ๏ธ Drop your thoughts, questions, or setups in the comments โ€” letโ€™s grow together!
๐Ÿ” Share with fellow traders and beginners to spread awareness.
๐Ÿ‘‰ โ€œIf you liked this breakdown, follow for more clean, structured setups with discipline at the core.โ€
๐Ÿš€ Stay Calm. Stay Clean. Trade With Patience.
Trade Smart | Learn Zones | Be Self-Reliant ๐Ÿ“Š

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.