balaji_damo

COLPAL ABCD

Long
balaji_damo Updated   
NSE:COLPAL   COLGATE-PALM (IND)
The stock has formed ABCD and reversed as per PRZ.

Today's doji is indecisive which is exactly at 23.6% fib retracement.

Go long if the price breached the High of doji candle (above 1063) with SL at low of the candle (1050).

Target 1 - 1084
Target 2 - 1102
SL - 1050
Entry - 1063 above.
Trade closed: stop reached

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