rachanak

COLPAL BUY ZONE

Long
NSE:COLPAL   COLGATE-PALM (IND)
based on W pattern formation
entry for buyers possible here
@ 1535-30 level
for target 1560 +
stop as comfort

supporting points
>>> RSI consistently showing bullish momentum
>>> resistance line 1535 possible break for next upmove

disclaimer - join your own study to enter trade.
Trade active: MOVE FROM 1535 TO 1541
πŸ–πŸ–πŸ–πŸ–
Trade active: NEW HIGH ON OPENING
1548
Trade closed: target reached: did high 1558
2 points away from target mentioned
safe can book here
long holders can keep stop above entry level

Comments

Wait for one more drop before it makes firm reversal , RSI is in equal high in the past 3 price moves , that means it may be heading for one sharp drop , at that given moment the RSI will reset the counter as 30 or below and bounce back , than it will be a Good buy set up

Good luck
Reply
rachanak ShreeKrishna
@ShreeKrishna, great sir - your advice noted , appreciated
shall keep check on these parameters
thank u
+1 Reply
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