COLPAL- Weekly/Monthly Timeframe-Channel BreakoutNSE:COLPAL
COLPAL is looking bullish in weekly/monthly time frame. Last month there was a rejection from the top. However, it did not receive follow up for bearish momentum. Instead, stock has took support on last month’s closing levels 1590-1600.
This is the good opportunity to go long if monthly/weekly candle closes near 1700-1710.
We may see a big upside momentum in upcoming months.
SL: 1580-1585.
This idea is only for educational purpose, please manage your risk accordingly.
