NSE:COLPAL READY for 1100 ?? BB contraction AND THEN EXPANSION IN LAST hour of trade , where entire market sold off . Stock closed on day highs. Was in the demand zone for a long time i.e. 50-61.8% fibonacci level. huge Spurt in volumes contributing to it.
correction finds support since fmcg stocks are in good cheer can expect the stock to bounce from here rest explained in charts
BUY AROVE 1113 SL 1070 TARGET 1250 TIME FRAME 3 MONTH
The Dual Breakouts are one from Triangle & next in terms of channel on higher timeframe. i) You can trial stops & ride more upside if Colpal gets bullish ii) On larger Timeframe it will be channel, so channel breakout possibility also there If all goes well, we are in for treat with this colpal breakout.
stock is in uptrend in the recent past saw a zig zag moves and side ways correction trend might resume soon one can look into this stock for targets towards 1047/1070/1095 sl based on individual trading style entry mentioned in charts
Extremely bullish momentum verified by indicators. Price Action showing Higher lows and higher highs. Expect this to continue before market finds a top. Keep SL around 1064 and book profits nearing and above 1090
COLPAL looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST. It has not moved in proportion to HUL (HINDUNILVR). But then why the last candle is red..? In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a...
Go long at cmp 1033 stop Stop Loss 1000 TARGET 1150
Long Colpal for a target of 1100. Stop below 965 on closing basis. Indicators are positive.
The stock has nicely formed Diamond pattern so one can put the stock in their watch list and trade accordingly. Good Luck
one can buy above 1060 for a target of 1200
Its been observed that COLPAL is facing resistance on weekly uptrend channel which got breached in between and then come back. We can see selling pressure in coming days. TP: 930 SL: 1070 On closing basis. Note: Charts are published for educational/learning purpose and used for trading will be self decision.
The stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
This trade is with trend. Entry - 993. Stoploss - 977.2 Target - 1032