Triangle formation on daily time frame in COLPAL
One can look to go long after break of upper line for a target of 1398/1445/1515
If there is a breakdown, one can be short for a target of 1275/1223/1150
Disclaimer: These are my own views, do your own analysis before trading.
AFTER A FAILED CUP AND HANDLE BREAKOUT ITS CONSOLIDATING AND MIGHT GIVE A BREAKOUT IF ALONG WITH GOOD VOLUME, TARGETS AS PER CHART.
THIS IS MY PERSONAL VIEW ONLY, INVEST WITH YOUR OWN RISK.
Lets c if the market can support us...
pls post your comments
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Take trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
Keep an Eye on this trade.
If it breaks the trend line with good volume, Buying opportunity can be seen above 1370.
Target 1 - 1390, Target 2 - 1400, Target 3 - 1420
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
