fbpx
Dated : 25/12/2018
Colpal :Cmp : 1315(cash market rate)
Short : 1322
Target : 1270
Hedging option : Not available as no liquidity

 

  • Colpal has a strong resistance around 1340 levels on weekly charts.
  • RSI Forming 4 peaks constantly on weekly charts , This being the fourth move which clearly indicate short term downtrend.
  • RSI Divergence on daily charts.
  • Engulfing bear near resistance on daily charts.

 

 

Disclaimer: This document has been prepared by Sharewolves, a registered SEBI Research Analyst, and is being distributed to our clients. The information in the document has been compiled by the research department. Due care has been taken in preparing the above document. However, this document is not, and should not be construed, as an offer to sell or solicitation to buy any securities. Any act of buying, selling or otherwise dealing in any securities referred to in this document shall be at investor’s sole risk and responsibility. This document may not be reproduced, distributed or published, in whole or in part, without prior permission from the Sharewolves.