COLPAL 1HRTHE STOCK WAS TRADING IN A RANGE FROM A LONG TIME TODAY IT GAVE A BREAKOUT OF THE RANGE
THE BEST BUY WILL BE ABOVE 1580 ONLY
TARGETS AND STOPLOSS ARE MENTIONED ON THE CHARTS
COLPAL trade ideas
COLPAL FOR LONG POSITION ON 09-12-20Today I would like to take a long position followed by price action in COLPAL as it is ready to go for a breakout
COLPAL, SAME RESISTANCE ZONE TESTED AGAIN & AGAIN (CHART# 393)All level mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Colpal- A powerhouse is about to break.Colpal is testing the higher levels again and again and it is kind of simple breakout with no complications in it.
From the bottom is has been making higher lows and probably continue to do so.
Only thing that we have to lookout is how does it break the resistance. It needs to halt for a while before going out for next move. If it does not halt and keep going up then i will wait for the pullback to happen as i wont have a stoploss with me.
Nothing much to add.
Keep and eye folks. Cheers and Happy Trading.
COLPAL BUY ZONE based on W pattern formation
entry for buyers possible here
@ 1535-30 level
for target 1560 +
stop as comfort
supporting points
>>> RSI consistently showing bullish momentum
>>> resistance line 1535 possible break for next upmove
disclaimer - join your own study to enter trade.
COLPAL breaks it's 2 month old Trendlline.After taking multiple supports, Colpal has finally breached the trendline and is now at the mercy of a minor support zone, as indicated by the smaller TL. If this trendline is broken, one can go short at 1490 and see 1470 levels to be retested again.
SHORT IF IT CLOSE BELOW 1470Taken support @ 50 Days EMA..
As per options data...new short positions have been initiated..
I will short ..if it closes below 1470 in upcoming days .
Colpal : Looking good for Buying above 1540Colpal looking good at current level to buy for swing for the target of 1643
Formed a good base at 1465
SL to maintain at 1480
Keep trailing Sl as it moves in your direction
Note : This idea is for only educational purpose
COLPAL enjoying with IchimokuGreetings Traders,
Previously, the TENKEN and KIJUN crossed giving a strong buying signal.
Both are moving upwards to the cloud.
Price and TEN-KIJ are syncing!
The price movement will make a new high and will give another strong buying signal.
