18 August 2014

COLPAL - Medium Term Views

15th Nov

Both the targets given in the previous post have been met (in just 3 months!!) and the stock continues so the updated chart.

Band between 2130-2145 seems next zone. After which some short term weakness is likely.






18th Aug

COLPAL is most likely at the end of correction and should head up now to targets of 

1760 and 1950 in ABC pattern in next 8 to 10 months.

The stock is in extensions of wave 5 (Cycle degree) and should head for 2750 over Long Term.




Stop for this up move is below 1440 and if stopped out, correction can extend till 1390 (Unlikely).

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