Keep An Eye On Voltas & Colpal

Two stocks came to my radar are VOLTAS & COLPAL.

Voltas

Please find below the chart of Voltas for your reference.

(Click on image to enlarge)

Voltas Daily Chart

Voltas has made Bullish BAT Pattern on Daily Chart. It has perfect support at 490-500 Levels. We have to wait for further confirmation to initiate the long trade. Positive Divergence is also there.

Colgate Palmolive Company

Please find below the chart of Colpal for your reference.

(Click on image to enlarge)

Colpal Daily Chart

Colpal is clearly moving in a channel. Earlier resistance has now become support. Its making Higher High and Higher Low. Hidden positive divergence is also there. Here also we have to wait for confirmation BAR for long entry but risky traders can enter above 1190 with SL 1145 Target will be 1235-1280 with Risk to Reward Ratio of 1:1 and 1:2.

Play safe as Market is very range bound.