COLAGTE Falling Wedge + Stong Base = Breakout Loading (COLPAL)

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Falling Wedge + Strong Base = Breakout Loading! 🚀
🔍 Technical Overview
  1. Pattern: Falling Wedge (bullish reversal pattern).
  2. Support Zone: ₹2,347 – ₹2,409 (highlighted demand zone with historical significance).
  3. Breakout Signal: Price has broken above the wedge with a bullish candle and rising RSI.
  4. Volume: Subtle increase in volume during the breakout.


📈 Trade Setup
  • Entry: ₹2,411 (Current price after breakout)
  • Stop Loss: ₹2,347 (Below the wedge and support zone)
  • Target: ₹2,713 (Previous swing resistance)



📊 Indicators
  1. RSI: Moving above 52 – bullish shift in momentum
  2. Volume: Gradual accumulation visible
  3. Trend: Base formation after a prolonged downtrend, signaling potential trend reversal


⚖️ Risk-Reward Ratio
RRR ≈ 1:4
Great reward potential with a tight stop and strong technical base!

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