KEEP AN EYE ON VOLTAS & COLPAL

Dear All,

I’ll be soon launching premium membership. Premium membership will have Learning while Earning concept. Premium Membership is not compulsory but yes those who are serious about trading can join ! Premium membership will include extra benefits. Details of the same will be shared soon!

Two stocks came to my radar are VOLTAS & COLPAL.

  1. VOLTAS

Please find below the chart of Voltas for your reference.

Voltas Daily Chart

Voltas has made Bullish BAT Pattern on Daily Chart. It has took perfect support at 490-500 Levels. We have to wait for further confirmation to initiate the long trade. Positive Divergence is also there.

2. COLGATE – PALMOLIVE

Please find below the chart of Colpal for your reference.

Colpal Daily Chart

Colpal is clearly moving in a channel. Earlier resistance has now become support. Its making Higher High and Higher Low. Hidden positive divergence is also there. Here also we have to wait for confirmation BAR for long entry but risky traders can enter above 1190 with SL 1145 Target will be 1235-1280 with Risk to Reward Ratio of 1:1 and 1:2.

Play safe as Market is very range bound.

CheersĀ 

Sid

Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

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