Colgate
Breakout in ColgateThere is breakout above 1240 level with good volume.
It also crossed the 200 days moving average, which was strong resistance, now it is a strong support
It is trading above 50 moving average as well.
Marked all resistance & support levels on the chart.
There is more than 30% delivered quantity on NSE in last 1 week.
Rectangle Channel Breakout The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
COLPAL Long...Guys COLPAL makes Fib Retrace Keep watch and take profit
Entry zone 11509 to 1168
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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