COLPAL
Colgate Palmolive (India) Ltd - 07.01.2022Colgate Palmolive (India) Ltd - 07.01.2022
The stock is trading @ 1470 levels
The prices are at EMA
The prices are at Support Zone
There is a SPINNING TOP in daily chart
There is a HAMMER in weekly chart
There is a Resistance Zone @ 1480 levels
Let the prices go above 1495
Watch out for the price action
Simple Trade Setup | COLPAL | 03-01-2022 [INTRADAY]NSE:COLPAL
Observations:
1) On 1 day time frame, it is just below 50DMA and gave good up move after trading for few days above 21DMA.
if it trades above 50DMA then it will make a good up move.
50DMA is immediate resistance.
50DMA is placed at 1482.39. So we can say 1480-1485 will be resistance zone.
21DMA is placed at 1448.36. So we can say 1445-1450 will be support zone.
Also it came out from the range of 1415-1475.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see support channel.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 03-01-2022
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 up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
COLPAL Long opportunityNSE:COLPAL
Hello all!
Colpal has been moving in an expanding channel and taking support from the lower channel trendline since May 2016. It's now back near it which makes it a good opportunity to go long.
There are a few other factors that strengthen my conviction of taking this trade
-> Presence of 200 Week EMA
-> Presence of strong demand zone
-> Stock is between 50 - 61.8 % fib zone (Golden
zone)
Risk-averse traders can wait till trendline 1 is broken. Aggressive ones can enter as soon as it touches 200 week EMA as the stop-loss will be very small!
*NOT A CALL*
HAPPY TRADING!!
Colpal - At Multi year support#Colpal has been testing 200 EMA on weekly timeframe since it's inception and always bounces back, there's no reason this time should be any different. One can accumulate it here and for new ATH. This is not a momentum trade and it will take probably few weeks for uptrend to resume, till then accumulate. If Weekly closing is given below 200 EMA and low of that week is broken, exit from it, because it will be the sign of trend change
COLPAL is at support can give up to 20-30% returnsI will buy COLPAL because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1459
Target : 1700/1800
Stop loss : 1400
Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]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 up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ColPal: Good swing setupIn Daily chart if ColPal stock is giving breakout with good amount of volume above 1542.80 then I strongly feel it will go up to next résistance which is 1637.75 then you can either book profit or partial book or pump a bit more risk.
Note: I'm new to technical analysis, do your own math. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Colpal looks bullishRSI is in highly overbought region ( below covid levels) and looking for bounce from long term trend line around 1500 levels shown in chart.
Stock is fundamentally strong and a monopoly, had slight dip in profitability due to high commodity prices.
Target for next few months
Target 1: 1633
Target 2: 1800
Happy trading
Simple Trade Setup | COLPAL | 27-10-2021 [INTRADAY]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 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 27-10-2021:
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 up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.






















