A nice cup formation in the 1hour chart. Expecting a strong momentum in this counter. This is a 1hour chart.
SEP 2100 CE could be explored after due diligence.
NSE:COLPAL
On A 30 MIN Timeframe it has broken out from range sharply and then it is not doing a retest around this BO zone.
Fib Retracement level are also around 618
+
Trend line support.
levels marked on chart,trade with caution
Keep learning.
Happy Trading.
Breakout - Colpal > 1825
COLPAL has already broke the 1825 level.
But from last 3 weeks , it is continuously moving.
I will wait for confirmation and if take little bit profit booking then it will be good opportunity to accumulate
📊 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.
Attached: 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!
This 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...
Looking at the charts on various time frames - few stocks with Possible upside Harmonic patterns are shared for study purpose:
NSE:LAURUSLABS
NSE:HINDUNILVR
NSE:ASHOKLEY
NSE:COLPAL
COLPAL Trendline breakout. Potential up move to 1720 & then to 1800.. & there is a good volume today & yesterday
SL: 1560.
Note: I'm not a SEBI registered.Please Consider these for educational purpose.
Colpal on weekly charts is looking weak and has broken down important demand zone and also long term trendline support. Current weekly looks to be a pullback / retest of the breakdown and positionally it may slip down further. Further details are marked on charts, longs needs to be cautious here.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
COLPAL has 3 confirmations.
1. Bullish Divergence
2. Support taken
3. Market is bullish
Hope this helps you take your decision.
COLPAL:- Rounding bottom pattern has formed, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful...
COLPAL is forming a bearing wedge pattern which is RISING WEDGE PATTERN
RISING WEDGE PATTERN is pattern where Seller wins the race in the end.
*Only for Education Purpose and not a trading IDEA*
** Open for Suggestion Please**
Colpal near it's support zone and expecting a bounce towards white marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
