#COLPALColpal has taken support in the multi year channel line. At this point we have chance for low risk trade. let us see what market says.
COLPAL trade ideas
#COLPALICMC at 1466.05
1467 must be cross which can upthrust further based on shunting and Weekly chart
Eyes on Colpal - Entry above 1475 if sustained. Target - 1550Looks like a proper swing trade above 1475. it is taking support from the 5 year timeframe trend line. As well as near its area of value support. There seems to be an hourly breakout too. Rsi is indicating strength. It also made a bullish engulfing candle on today's closing with volumes. Also there's a long build up in this stock.
Worth keeping an eye for. This could be a lucrative trade.
Thank you :)
COLPAL- SWING BUY- Weekly TFBe alert when stock comes to 1350 level and any where from then on a strong GREEN candle is really good you can buy for a decent profit
DO YOUR OWN research
colpal wave x/4 bounce.Seems like we will see bounce from current price reasons are as follows:
1)Triple negative divergence on RSI
2)End of 5 wave impulsive decline.
3)Breach of down slopping trendline.
4)Price taking support near previous support level.
5)Price crossing 9 day ema@1444.(Although close should be considered).
6)Bullish engulfing pattern on daily chart.
Structurally we are either in an 5 wave impulsive decline of which 3 waves are done or we might have ended a regular flat correction around 1420 levels.Going ahead we have 2 scenario's which can unfold.One is bounce in the form of wave 4 and other is bounce in the form of wave X.Both the scenario is pointing towards price target of 1550(38% retracement of last swing).
One can go long at cmp of 1450 with a closing stop of 1414 on the down side and can expect target of 1500 and 1550 in coming 2-3 weeks.
Disclaimer:This are my views,no position should be build or exited on the basis of this analysis.
COLPAL Long opportunityNSE:COLPAL
Hello all!
Colpal has been moving in an expanding channel and taking support from the lower channel trendline since May 2016. It's now back near it which makes it a good opportunity to go long.
There are a few other factors that strengthen my conviction of taking this trade
-> Presence of 200 Week EMA
-> Presence of strong demand zone
-> Stock is between 50 - 61.8 % fib zone (Golden
zone)
Risk-averse traders can wait till trendline 1 is broken. Aggressive ones can enter as soon as it touches 200 week EMA as the stop-loss will be very small!
*NOT A CALL*
HAPPY TRADING!!
ColPal#COLPAL
At interesting juncture
More weakness below 1414
Strength above 1470.
MACD +ve crossover, hence expecting to reverse from here..
col palCoalgate stock can give you a good smile with 25% returns.
Let the stock consolidate for some time then enter.
COLPAL - MACD RSI and price divergenceI see a divergence on daily chart of Colpal..
One can trade based on their analysis
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
Colpal - At Multi year support#Colpal has been testing 200 EMA on weekly timeframe since it's inception and always bounces back, there's no reason this time should be any different. One can accumulate it here and for new ATH. This is not a momentum trade and it will take probably few weeks for uptrend to resume, till then accumulate. If Weekly closing is given below 200 EMA and low of that week is broken, exit from it, because it will be the sign of trend change
wait for proper breakoutI'm Gonna Catch This Swing Trade.
But Wait For Confirmation, Just Like Me.
Go With Your Proper Risk & Reward Ration Management.
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 LOOKING GOOD BUY - DEMAND ZONE - LIQUIDITY GRABIn daily DEMAND ZONE a doji candle formed with high volume. Can be bought around 1460-1490 with a Stoploss of 1450 for Target of 1550, 1600, 1650. Enter after break of pdh of 1483.
COLPAL BUY STRTEGY ON WEEKLY BASISBuy near to 1400
SL 1350
Target open
Its trend last few weeks so don't miss this opportunity.
COLPALColpal looking good structure
Wait for breackout it can give a good move
This is only fr education purpose🙂
Colpal bullish viewThis is for educational purpose. trade as per your risk. COLPAL bullish view for December
Buy Colpal at 1493 for December 21Buy above 1491 only at 1493
SL - 1464
Target 1 = 1550
Target 2 = 1630
