EWA & PA Analysis of ColPal
Colpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave.
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r short below Monthly TL with lower swing high as SL (conservative)
Trade idea: selling 940/960 CE should be good idea to get a income with sl at 956 spot
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r short below Monthly TL with lower swing high as SL (conservative)
Trade idea: selling 940/960 CE should be good idea to get a income with sl at 956 spot
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