VigneshIyer

Some opportunity in place for F&O fanboys & girls

Long
NSE:COLPAL   COLGATE-PALM (IND)
As seen above i have clearly marked the two support lines one for people who want to keep strict sl and 2nd one for risk taking people . The stock given decent volumes but good delivery after AGM has cooled off the volatility . Immediate resistance can be seen as 1404 which is closer to 200sma that is 1404-1405 levels, which wont be easy to break post which we can see 1450 levels.

Disclaimer : This is not a trade recommendation but just my analysis based on technical analysis . Kindly do your analysis before taking position in the stock
Trade active: The stock failed to break the upper resistance bar as marked in the chart and ended up taking support of the bottom marked line. Tomorrows movement will give a better idea of the stock movement
Trade active: What a move by the stock took the resistance out like a charm . Can be traded further with sl kept. resistance 1460
Trade closed: target reached: All the targets achieved couldn't sustain the high

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