Downtrend channel breakout in COLPAL for target of 1560+

After the breakout of the downtrend parallel channel, COLPAL made retracement 38.2% of the Fibonacci level. Once it breakout the resistance level of 1510 then we will get next projected target of 1560+.

Possible Trade:
Buy COLPAL Above 1510
Stop loss 1494
Target 1560+