It has not moved in proportion to HUL ( HINDUNILVR ).
But then why the last candle is red..?
In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a upmove.
The Derivatives data shows 5.66% increase in OI. Delivery position is 69.9 % & the Highest Call OI is placed at ( guess what ) 1100 Calls. The is signalling a CROSSOVER. This kind of rings bell...
Low Risk / High Return Trade in the offing...? Maybe... Let the markets tell us...
Trade : BUY, SL - 1020 TGT - 1100.
Stop Loss for multiday trades are to be followed on closing basis.
COLPAL did not close below 1020 on a closing basis.