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Downtrend channel breakout in COLPAL for target of 1560+

Long
NSE:COLPAL   COLGATE-PALM (IND)
After the breakout of the downtrend parallel channel , COLPAL made retracement 38.2% of the Fibonacci level. Once it breakout the resistance level of 1510 then we will get next projected target of 1560+.

Possible Trade:
Buy COLPAL Above 1510
Stop loss 1494
Target 1560+

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