COLPAL looking weakColpal 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.
COLPAL
COLPALCOLPAL:- 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.
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BULLISH on COLPALNSE:COLPAL
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 view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
COLPAL Daily Chart analysis by 3 Parameter StrategyTrade Setup:
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.
The signal candle gives a breakout of the upper band of the signal candle.
Rsi is above 60.
Bullish crossover on Macd.
Conclusion:
Bullish
Symmetrical triangle breakout in ColgateChart -> Colgate Daily
Colgate has given a symmetrical triangle breakout with a good volume pop-up.
CMP: 1630
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.
COLPALNSE:COLPAL
Note :
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!
COLPAL Long opportunityNSE:COLPAL
Stock -> Colpal
TimeFrame -> Weekly
Hello all!
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 further strengthen my conviction:
-Formation of a 'W' pattern with a higher low formation.
-Support from 50-week EMA.
-The stock has bounced back from its Fibonacci Golden zone (between 50% and 61.8%).
Risk-averse traders should wait for the stock to close above the Resistance zone (Yellow box). However, accumulation in small quantities can be done.
*NOT A CALL*
#nifty #colpal #swingtrading #swingreversal #technicalanalysis
Colpal is in very important level in a Daily chart?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 1570.
1470-1480 Will be the strong demand zone.
Wait for the proper breakout to enter with proper Risk Reward.
This is just a view not recommendation to trade. Do your own analysis before taking any trade.
Share your view in comment section.
NSE:COLPAL
Colgate forecast next NSE: COLPAL
Time Frame :- 1 Day
Patterns Name :- Ascending Triangle
Conclusion :-
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 me questions on this on any other idea
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Have a Nice Day to you all
Made By MAYANKTECHRESEARCHING
Colpal: Inverted H&S PatternColpal 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 forming bearish flag.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.
Wait for the stock to sustain above the levels.
The trade can be intraday or swing.
For carrying the position wait for the day closing.
COLPAL in a consolidation phase.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.