rahul.u.bhagwat
Long

COLPAL : SHEDDING WEAK HANDS BEFORE AN UPMOVE..?

NSE:COLPAL   COLGATE-PALM (IND)
67 2 5
COLPAL             looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST             .
It has not moved in proportion to HUL ( HINDUNILVR             ).

But then why the last candle is red..?
In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a upmove.

The Derivatives data shows 5.66% increase in OI. Delivery position is 69.9 % & the Highest Call OI is placed at ( guess what ) 1100 Calls. The MACD is signalling a BULLISH CROSSOVER. This kind of rings bell...

Low Risk / High Return Trade in the offing...? Maybe... Let the markets tell us...

Trade : BUY, SL - 1020 TGT             - 1100.
Comment: Investors come in finally... COLPAL JUMPS 3.99%, shooting for 1100..
however your SL touched but it rocked today 3.5%++,

May be u have kept wrong SL

amazing analysis,

Thanks !
Reply
@Miral12,
Stop Loss for multiday trades are to be followed on closing basis.

COLPAL did not close below 1020 on a closing basis.

Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out