COLGATE PALMOLIVE LTD.Updated COLPAL VIEW - CONTINUATION 🎯🎯🎯
IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
https://in.tradingview.com/chart/COLPAL/4ITwmGuU-COLPAL-BUY-ZONE/
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
https://in.tradingview.com/chart/COLPAL/4ITwmGuU-COLPAL-BUY-ZONE/
Trade active
resistance 1 - 1570 is respected todayTrade active
STRONG MOVE TOWARDS RESISTANCE 1 - 1625🏍🏍🏍🏍🏍🏍🏍🏍🏍🏍🏍🏍🏍
Trade active
RESISTANCE 1 = 1625 DONE AND DUSTED NOE KEEPING STOP ABOVE COST AND AIMING FOR 2ND RESISTANCE
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