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sankhyainvestments
Dec 3, 2020 8:50 AM

COLPAL BUY ZONE  Long

COLGATE-PALM (IND)NSE

Description

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
🖐🖐🖐🖐

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
ShreeKrishna
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
sankhyainvestments
@ShreeKrishna, great sir - your advice noted , appreciated
shall keep check on these parameters
thank u
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