COLPAL is an upwards trending stock.
It is struggling to breakthrough its weekly resistance ranging from 1440-1455.
It has though formed and Inverse HandS pattern thus an up move can be expected from current level as we see quite a number of downward rejections by the stock.
Trading strategy:-
Intraday traders: Enter the buy positions at 1425, 1420, 1415 with target of 1455 (Enter after market stabilizes).
Enter after market stabilizes. The idea is a bit risky. Keep following for trade affirmation.
It is struggling to breakthrough its weekly resistance ranging from 1440-1455.
It has though formed and Inverse HandS pattern thus an up move can be expected from current level as we see quite a number of downward rejections by the stock.
Trading strategy:-
Intraday traders: Enter the buy positions at 1425, 1420, 1415 with target of 1455 (Enter after market stabilizes).
Enter after market stabilizes. The idea is a bit risky. Keep following for trade affirmation.