Round Bottom / Cup & Handle Pattern Great Up Move is ComingHii All,
Colgate has given a good breakout.
Next Easy targets could be
1. 1654
2. 1680
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
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Keep Learning,
Happy & Safe Trading
Colgatepalm
colgate analysisCOLGATE-PALM ANALYSIS
Time Frame Analysis:
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Monthly: If the Previous low (1547.05) is taken out then we can yes Downtrend begins.
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly: Symmeterric Pattern.
Daily: Ascending Pattern.
Price & Volume relation:
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Volume is supporting on Daily, Weekly & but on Monthly not.
Conclusion: Once Ascending triangle breakout (Daily) then we can enter with a small qty & once the monthly symmetric triangle pattern is taken out then we add more.