The prices have given breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. There is also good volume during breakout. This view is for 1 to 6 months. The Targets and SL are given on the charts.
Disclaimer : This is my own...
COLPAL Trendline breakout. Potential up move to 1720 & then to 1800.. & there is a good volume today & yesterday
Note: I'm not a SEBI registered.Please Consider these for educational purpose.
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
Chart -> Colgate Daily
Colgate has given a symmetrical triangle breakout with a good volume pop-up.
Targets: 1700, 1780
SL: Daily closing below 1550
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Stock -> Colpal
TimeFrame -> Weekly
Colpal has been moving in an expanding funnel. It approached its lower channel trendline in March 2022, bounced back with heavy volumes, broke the trendline 1 and came back for a retest, and has again bounced. This makes for a good opportunity to go long!
There are multiple other indications that...
Yet to break imp resistance, if it break with proper candle with volume. then we can see upside movement in coming days.
After the breakout stock can go 1650 first then it will go to 1674 level. stock has a potential to reach 1800 level.
After the breakout previous resistance should turn as support. then we can take entry in retest by keeping sl below...
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Time Frame :- 1 Day
Patterns Name :- Ascending Triangle
A Ascending Triangle which is nearly completed now shows some forecasts that could be followed by the market as shown in the Figure
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask...
Colpal is making Inverted H&S pattern on 15 min and 1 hour time frame. Last resistance Breakout worked as support next time.
Perfect entry is yet to be triggered at 1572 for easy 1:2 Targets of 1600/1620
DISC: Please consult your advisor before making any bet. This is for educational purposes only.
COLPAL on a daily time frame is consolidating in a narrow range for last 7 days.
The stock is trading below its 200 DMA and a bearish flag pattern is being formed.
Though, the stock held on to its hourly 200 ema and consolidated in 6-7 point range while day.
Support:- 1500, 1480-85
Resistance:- 1520, 1535
The stock can give a nice move either side.
The stock is consolidating in a rectangular box pattern.
Its trading in a narrow range of 70 point for 22 trading days.
Wait for the daily candle close above or below the box.
Support :- 1550, 1490
Resistance :- 1615, 1660
Watch the price movement near the last hour of trading session.
Price action should be watched for a confirm swing trade.