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COLPAL

COLPAL - Breakdown from channel + Bear Flag + Triple TopThis analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days. Traders can take advantage of this analysis in intraday trades as well. Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle. SL can be placed above the high of third Top (out of triple top formed). Targets are shown in the image itself. Logic for the trade is also explained in the image itself. This analysis is purely for education purpose. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. . Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies. Feel Free to comment for any queries regarding the above stock or price action analysis in general.
NSE:COLPALShort
by AdityaKarn90
COLGATE LOOK OUT FOR THESE LEVELS!!! COLGATE IMPORTANT LEVEL: 1442-1444 BUY IF 1) BUY ABOVE 1433 Target: 1444/1450 SL: 1415 SELL IF: 1) Sell Near 1444 If the stock is not able to break the level. 2) Sell if the lower level 1420 is broken with volume and convection Target: 1410/1400 The indicator used: TE REKAB shows REVERSAL in market #TradingEdge Academy If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) PH No: 8433624173. Doesn't entertain any FREE Advice/suggestions requests, so refrain from sending any such messages. HAPPY TRADING!!
NSE:COLPAL
by ReeAishw
Colpal - Showing strength | See price reaction at 1430 and 1470 Thanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks Colpal has been showing strength for the past 2 days and also there is volume support in the move up, which is a good sign. The 1430 region has acted as previous resistance and is also the Monthly high. If it manages to get above 1430 with strength, it can show momentum up to 1465-1475 (previous swing levels) and even higher. Wait for the level to break before going long. Watch out for price rejections in the mentioned zones. If that happens, then we can see a good short setup. Keep an eye on Nifty and BankNifty and trade with proper SL and risk management. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “Pain + Reflection = Progress” – Ray Dalio
NSE:COLPAL
by iSauravKr
3