COLPAL | Double Bottom Retest + Volume Breakout

🚀 COLPAL | Double Bottom Retest + Volume Breakout

📌 Pattern Setup:
🔹 Double Bottom retest spotted
🔹 Bullish Engulfing candle at support
🔹 Breakout candle with strong volume surge

📊 Technical Snapshot:
RSI: 58 → Healthy momentum
MACD: Bullish crossover
CCI: 107 → Strong positive bias
Stochastic: 89 → Overbought but strong
Volume: 1.22M vs 626k avg → ⚡ Breakout confirmed
🛠 Levels to Watch:

🔼 Long Entry: Above 2357.9
🔽 Stoploss: Below 2243
🎯 Targets: 2472 | 2587
📉 Pullback Buy Zone: 2291–2273
❌ Invalidation: Below 2207

⚡ Resistance Levels: 2382 | 2424 | 2490
⚡ Support Levels: 2274 | 2208 | 2167
🎯 Fibonacci Zones: 2378 → 2449 → 2519 → 2619 → 2747

💡 View:
COLPAL is breaking out from a Double Bottom Retest with strong volume & bullish signals. Sustaining above 2358 could open the gates towards 2472 – 2587 in the short term.
👉 Bias: Bullish till 2207 holds.


⚠️ Disclaimer – Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.

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