COLPAL - Breakdown from channel + Bear Flag + Triple Top
This 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.
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.