A very good breakout from the 1560-1580 levels.
Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time.
Since the 1620 level has been tested couple of times with massive pull backs,...
COLPAL buy above 1560-70
Intraday target :-1580,1590
SL 1541 or 1563 (according to your risk appetite)
Positional Traders can buy here.
SL 1541
Target 1624
But it is better to trade in intraday
