r : R ratio is 1 : 2 Rest as per Charts
Cup & Handle pattern forming on Daily Chart of COLPAL. BUY 1565, SL 1460, Target(s) - 1650, 1700. Cup Depth = 240. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
After the breakout of the downtrend parallel channel, COLPAL made retracement 38.2% of the Fibonacci level. Once it breakout the resistance level of 1510 then we will get next projected target of 1560+. Possible Trade: Buy COLPAL Above 1510 Stop loss 1494 Target 1560+
please take entry once u get a proper reversal or breakout from the levels, support my views.
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only
Bought at 1439.00 TARGET 1473-1518-1564 +++ SL 1374 (CANDLE CLOSING) Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
COLPAL- Flag & Pole Pattern If breaking the trendline, we may see the level of Resistance around 1510-1540 On Downside Support around 1450-1434 in short term. ... If you like, just hit the thumbs-up button or comment and share. . Updated on : 05-NOV-2020 6.00pm Disclaimer: Only for learning purposes.
bearish channel pattern formation in the stock. important levels are marked
Good accumulation at lower levels. Such areas of accumulation should hold.