NSE:COLPAL
Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap...
Colgate Palmolive is ready to rally into bullish mode as it has already reached accumulation stage and is about break out into uptrend. Time for you to take an action before it's too late.
NSE:COLPAL
I am posting this on request from a follower on Twitter.
Observations:
1) On 1 Day time frame, we can see after long downfall it stopped at 400DMA and took support from it. 400DMA is last major support of any stock. Currently it is placed at 1527.49 level.
So we can say 1500-1530 level is critical support zone.
Immediate resistance is at 1575...
NSE:COLPAL
Observations:
1)On Daily Time frame: After breaking rounding bottom pattern, we can see that it has been trading and keep on taking support from neckline and critical zone of 1710-1720.
Please refer below chart : Daily time frame.
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Trade Setup for Date 20-09-2021:...
NSE:COLPAL
Observations:
1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle.
Only one negative thing is that it couldn't closed above yesterday's high.
Please refer below chart : Daily time frame. ...
NSE:COLPAL
Observations:
1)On Daily Time frame In past days it has already broken 21DMA and 50DMA and trading above it. Recently it is now in the critical zone of 1720-1730 level range.
In order to be it more bullish it has to surpass the immediate resistance of 1740 level with strong bullish candle.
Please refer below chart : Daily time frame. ...
NSE:COLPAL
Observations:
1) On Daily Time frame, it is holding it above 100DMA.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 23-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price...
NSE:COLPAL
It was a huge selling in COLPAL, due to result day today. It went down to test it bottom. Hope you had good sell trade. Both the pre-decided target achieved easily. As well as there were two bonus target, but most of might have get the one bonus target as well.
Simple trade setup for 30-07-2021
Since it has history as once it test the bottom and...
Catching the pattern before it is formed is of key importance if you trade on technical analysis!
Descending triangle and head and shoulder in 15 min time frame
plus
inverted head and shoulder in longer time frame
these gives multiple confirmation for the short signal on colpal
- Amazing Breakout pattern - Cup and Handle
- Increase in Volumes with bullish momentum in price
- Entry can be made if it retest the 1680 levels
- Don't chase the stock
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: Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]](https://s3.tradingview.com/w/WmS7n1zk_mid.png "Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 27-10-2021 [INTRADAY]](https://s3.tradingview.com/j/JVGENumH_mid.png "Simple Trade Setup | COLPAL | 27-10-2021 [INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 20-09-2021 [INTRADAY]](https://s3.tradingview.com/o/OUwYlmZq_mid.png "Simple Trade Setup | COLPAL | 20-09-2021 [INTRADAY]")
