COLPAL looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST. 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 MACD is signalling a BULLISH 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.
Comment
⋅
Investors come in finally... COLPAL JUMPS 3.99%, shooting for 1100..
Comments
Miral12
⋅
however your SL touched but it rocked today 3.5%++,
May be u have kept wrong SL
amazing analysis,
Thanks !
rahul.u.bhagwat
⋅
@Miral12,
Stop Loss for multiday trades are to be followed on closing basis.
COLPAL did not close below 1020 on a closing basis.
May be u have kept wrong SL
amazing analysis,
Thanks !