COLPAL is at support can give up to 20-30% returnsI will buy COLPAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1459
Target : 1700/1800
Stop loss : 1400
COLPAL
Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]NSE:COLPAL
Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ColPal: Good swing setupIn Daily chart if ColPal stock is giving breakout with good amount of volume above 1542.80 then I strongly feel it will go up to next résistance which is 1637.75 then you can either book profit or partial book or pump a bit more risk.
Note: I'm new to technical analysis, do your own math. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Colpal looks bullishRSI is in highly overbought region ( below covid levels) and looking for bounce from long term trend line around 1500 levels shown in chart.
Stock is fundamentally strong and a monopoly, had slight dip in profitability due to high commodity prices.
Target for next few months
Target 1: 1633
Target 2: 1800
Happy trading
Simple Trade Setup | COLPAL | 27-10-2021 [INTRADAY]NSE:COLPAL
I am posting this on request from a follower on Twitter.
Observations:
1) On 1 Day time frame, we can see after long downfall it stopped at 400DMA and took support from it. 400DMA is last major support of any stock. Currently it is placed at 1527.49 level.
So we can say 1500-1530 level is critical support zone.
Immediate resistance is at 1575 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 27-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Multi Retest - COL-PALThe stock has retested the breakout on three occasions. The third retest seems strong as also took the trendline support. Supply seems to be absorbed and stock seems ready for a swing.
I always try and post my stock analysis which offer good R:R. This is one of them. The resistance zone marked can be kept as a SL for gains upto previous swing.
Simple Trade Setup | COLPAL | 20-09-2021 [INTRADAY]NSE:COLPAL
Observations:
1)On Daily Time frame: After breaking rounding bottom pattern, we can see that it has been trading and keep on taking support from neckline and critical zone of 1710-1720.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | COLPAL | 08-09-2021NSE:COLPAL
Observations:
1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle.
Only one negative thing is that it couldn't closed above yesterday's high.
Please refer below chart : Daily time frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.