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Date: 19 Feb 2021 Colgate Palmolive is looking bearish due to the diamond chart pattern formation. The stock may fall by 12% for a target of 1,366. Keep a SL at 1,600.
COLGATE PALMOLIVE Downtrend Colgate Downtrend, a pullback and downtrend continues, if support area of 1520 will break and stays below, then further downside can be seen upto 1488-1465. And if reverse from this area resistance will be 1568-1595.
COLPAL- Flag & Pole Pattern If breaking the trendline, we may see the level of Resistance around 1510-1540 On Downside Support around 1450-1434 in short term. ... If you like, just hit the thumbs-up button or comment and share. . Updated on : 05-NOV-2020 6.00pm Disclaimer: Only for learning purposes.
07-Sep: Bought@1360 | SL@ 1342 (Waiting for closing basis candle for additional BUYs, next day) = TL Support with Hammer formation
Keep your target @ 1470. Take a SL for 10%. Maybe we're going to see a breakout soon through the triangle pattern.
As seen from the tend, the major trend is on the upside and 0.618 retracement level was tested once. The top should now move to target of 1460 with a SL of 1360.
BUY ONLY ABOVE THE YELLOW ZONE. T1 - 1530 T2 - 1570 SL - 1345 Trade at your own risk.
Colagate Palmolive has broken below from a descending triangle Pattern on 15 mins time frame. Initiate Sell. Target 1 : 1370 Target 2 : 1360 Stop Loss : 1410