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

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!