FMCG Sector in Bearish Grip: Short Sellers Eyes on Colpal◉ FMCG Sector Overview NSE:CNXFMCG
● The Nifty FMCG index appears to be in a bearish phase, having formed a bearish engulfing pattern near a key support level.
● This suggests a potential breach of the support level in the near term.
Given this scenario, there may be an opportunity to consider short positions in select stocks within the sector.
◉ Colgate Palmolive Technical Analysis NSE:COLPAL
● On the weekly chart, Colgate Palmolive has developed a Head and Shoulders pattern, a classic bearish reversal formation.
● The stock is currently hovering near the neckline, and a breach of this level appears imminent, which could signal further downside.
◉ OI Data Analysis
● Open interest analysis reveals, significant long unwinding during the recent trading session, reflecting a shift in investor sentiment toward the negative side. This further supports the bearish outlook for the stock.
● The option chain data indicates that the 2,600 level could act as an immediate support, as it has the highest concentration of put writers. However, if this level is breached, the stock could see additional downward momentum.
COLPAL
COLPALCOLPAL:
Colgate-Palmolive India Ltd is engaged in manufacturing/ trading of toothpaste, tooth powder, toothbrush, mouthwash and personal care products.
Weekly:
-At major support levels
-Signs of Reversal from major support
-Formation of Double Bottom
Daily:
- Formation of Double Bottom Pattern
-Trendline BO with Breakaway gap
Stock Accumulation levels: 2755-2780
Stop loss: Candle closing below 2680
Note: The above analysis is just for Educational Purpose!
Three White Soldiers | Educational | Colpal The Three White Soldiers candlestick pattern is commonly used in technical analysis.
The pattern identifies potential bullish reversals in a downtrend or a period of consolidation. Traders often use the pattern and other technical analysis tools, such as support and resistance levels, trend lines, and volume indicators, to confirm the trend’s strength and potential entry and exit points.
The Three White Soldiers pattern can be used on various time frames, from short-term intraday charts to longer-term weekly or monthly charts, depending on the trading strategy and goals.
Disclaimer: This is for educational purpose. Definition and details can be found on any other search engine / books/ articles etc.
Colgate Palmolive Colpal On Weekly Demand Zone New Study For Paper Colgate Palmolive Ltd
Buying Zone
2700 50% Qty
2650 Add More 25% qty
2625 Add More 25% qty
StopLoss : 2600
Target : 2960-70, 3200-3400,3800 (Long)
Study Logic
👉 Weekly Demand Zone
#Marker Sentiment Is Weak So Risky Study
Only For Paper Trade And Education Purpose Don't Real Trade
I am not sebi Registered Person Post is only for Paper Trade, Practice And Education purpose i am not responsible for any profit and loss.
COLPAL nearing short support levelsCOLPAL has been continuously falling from quite some time.
It is close to the support levels of 50 percent Fibonacci levels from where the run up started. The 50% levels comes around 2665 which would be a support in this fall.
Currently it is placed at a position where it may bounce from those levels for short term with atleast 9-10 pct move. Levels of resistance from those levels are at 2789-2962
If doesn't sustain, the next level to watch would be the 38% levels.
No recommendations, just my view based on chart pattern.
KISS - More than 120% return!! COLPALKISS - Keep It Simple Stupid
COLPAL buy shared on march 4 2022, price was around 1500, since then price has given
MORE THAN 120% RETURN.
Check the investment idea shared earlier -
Below are steps of a simple Trendline strategy-
1. Filter -
a. Stock price less than 5000.
b. Should be liquid(good volume).
2. Time frame - Weekly
3. Find trend of the stock - should be in Up Trend.
4. Check if its following a trendline. Should be at least an year long, longer the better.
5. Check market sentiment - Check trend of Nifty.
Buy if Nifty is in UP or sideways trend. Do not buy if Nifty is in downtrend.
6. BUY - on test of trendline.
Follow strategies that make money even if they seem to be very simple. We are here to make money not to do phd in complex strategies.
COLPAL CUP N HANDLEColgate-Palmolive Company is an American multinational consumer products company headquartered on Park Avenue in Midtown Manhattan, New York City. The company specializes in the production, distribution, and provision of household, health care, personal care, and veterinary products We do see a good breakout as cup n handle pattern.
CMP : 2870 on closes basis
SL 2760
TARGET: 2940 / 3050
Note : This is only for educational purpose
COLPAL - Ichimoku Breakout📈 Stock Name - Colgate Palmolive (india) Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2690.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Keep An Eye - COLPAL📊 Script: COLPAL
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade only above 2624.
BUY ONLY ABOVE 2624
⏱️ C.M.P 📑💰- 2606
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Colpal Double Top Breakdown: Navigating Short PositionsColpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern.
Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels.
However, trading involves risks, and these are speculative predictions. It's crucial to conduct thorough research, consider your risk tolerance, and, if necessary, consult with a financial advisor before making any trading decisions. The market is dynamic, and outcomes may vary. Trade responsibly.
Broadening Wedge Pattern Breakout in COLPAL📊 Script: COLPAL
Key highlights: 💡⚡
📈 On 30 Minutes Time Frame Stock Showing Breakout of Broadening wedge Pattern.
📈 Strong Bullish Engulfing Candlestick Form on this timeframe.
📈It can give movement upto breakout target of 1533+.
📈 Can Go Long in this stock by placing stop loss below 1500 for target of 1525 and 1533.
COLPAL Set to Outperform Index Nifty 50Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023
The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards
They say Buy Strength and Sell Weakness
Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
Trendline and Range StockThis is simple Monthly Chart of COLGATE PALMOLIVE (COLPAL) and it is respecting the trendline and the resistance line, thus in a UPTREND CHANNEL since 2009.
Long term trend always prevails in the market, Even if someone is stuck in a stock at wrong time but if its longer trend is in uptrend there are high chances that it will recover some day.
High time frame analysis has its own benefits such as higher returns, less follow up , dividends and other benefits. It could be seen as an investment perspective as well.
This time there is a BULLISH HAMMER candle made in february 2023 at the support of the trendline. This is the one of the simple analysis which shows that investment and trading in the market is easy and doesn't require rocket science. This is a favorable RISK-REWARD opportunity with a very small Stop loss at the low of the last hammer Candle.
ENTRY can be made at the current market price of 1488
STOPLOSS can be on the closing basis on the last candle i.e. at 1430 (Logic behind closing basis is that it is currently in an Uptrend so if it wants to go in a downtrend it will require a strong downside closing confirmation for the same otherwise if the price goes below the low of the last candle, Buyers may come and can take the price up again)
REWARD - the first target would be the last swing/Resistance that is 1674 and then at its last high of 1800 and then next target would be the resistance which is likely to be 2000.
*this is a Monthly Analysis, so requires longer patience.
*keep position Sizing according to your Risk Appetite.
*Market is simple, don't make it complicated, Simple things works, It is just a probability Game.
One can take ReEntry if it gives another opportunity but be ready to give SL.