COLPAL - Swing Trade - 16th January #stocks

COLPAL (1D TF)

Swing Trade Analysis given on 16th Jan, 2024

Pattern: SYMMETRICAL TRIANGLE
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress

#stocks #swingtrade #chartanalysis #priceaction #traderyte #COLPAL

Trade active:

COLPAL Update - 20th Jan, 2024

- Breakout has happened
- Trade Active

TradingView Link

Anaylsis Explained Link

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Trade closed: stop reached:

COLPAL Update - 23rd Jan, 2024

- SL of 1.5% has been hit
- Based on Market conditions

- Will wait for an optimum re-entry to get the best RR

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Trade active:

COLPAL Update - 1st Feb, 2024

✓ 2.75% in 2 Trading Sessions

*Charts have been updated

- Was previously stopped out due to overall market fall
- But the very next day it formed a strong pullback candle

*Charts had been updated yesterday

- As of yesterday, there is a clear price action buildup at a resistance
- Volume spike at the resistance

#stocks #swingtrade #chartanalysis #priceaction #traderyte #COLPAL