ColPal , Long Setup. 60 min Demand Rally Base Rally.Good 60 min demand ,
No good Supply as a hurdle in the Stocks Upward Journey,
On 240min Time frame stock is in UP Trend.
Daily Supply is far away .
a Clean 1:7 RR Setup.
Happy Trading.
Disclaimer:
Above Stock Analysis is based on Price Action , primarily on Institutional Demand and Supply .
It is for Learning and Understanding Purpose.
Even after a through research and Analysis a setup can fail due to any opposing News on that stock or on its Index and Market Volatility.
Hence ,kindly Take Position as per your Risk Management.
COLPAL
Simple Trade Setup | COLPAL | 23-08-2021NSE:COLPAL
Observations:
1) On Daily Time frame, it is holding it above 100DMA.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 23-08-2021:
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) If you know scalping then you can do between 1700 to 1670 levels. Good upmove will be only on breakout of 1700 level or if it takes support from 1700 level.
3) If it faces resistance from 1700 level then it will be short trade entry.
4) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BONUS TARGET ACHIEVED | TRADE SETUP FOR 30-07-2021 | COLPALNSE:COLPAL
It was a huge selling in COLPAL, due to result day today. It went down to test it bottom. Hope you had good sell trade. Both the pre-decided target achieved easily. As well as there were two bonus target, but most of might have get the one bonus target as well.
Simple trade setup for 30-07-2021
Since it has history as once it test the bottom and gets support it will recover all the down fall in couple of days.
Better to avoid intraday trading in the range marked on the chart. Only take the trade from the levels.
Do comment if you have any doubt or suggestion. I will try to respond ASAP .
Also do comment if my ideas are helping you to understand the trade setup, price levels and getting the trade in real market.
colpal colgate palm BEARISHCatching the pattern before it is formed is of key importance if you trade on technical analysis!
Descending triangle and head and shoulder in 15 min time frame
plus
inverted head and shoulder in longer time frame
these gives multiple confirmation for the short signal on colpal
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DISCLAIMER:- This is not a call, we are sharing this for educational purposes only. we are not responsible for any loss. Rather use this as educational purposes. Firstly do your own analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it.
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