Colpal for Intraday 12th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
COLPAL
Colpal for 12th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
Above 1600 the stock might move towards 1615/1625Colpal has been consolidating in the range of 1560 - 1585 for the last week and has finally broken out of the range and looks like it might head higher towards 1615/1625 SL can be placed @ 1585
All trading strategies and ideas shared are to be used at your own risk.
itcitc
stock after long consolidation
now both as investing and trading front 'ready to SURPRIZE BIGGGG
for trading with 193 sl
possible 263 target
while as investor ,
150 sl for 576.30 target in coming 3.5 year frame
while 985 in 7/10 year frame ie 3 time from cmp possible in 2027-2030 in ITC
BUT IT WONT BE a straight journey
ups and downs shall come
COLPAL VIEW - CONTINUATION 🎯🎯🎯IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
COLPAL BUY ZONE based on W pattern formation
entry for buyers possible here
@ 1535-30 level
for target 1560 +
stop as comfort
supporting points
>>> RSI consistently showing bullish momentum
>>> resistance line 1535 possible break for next upmove
disclaimer - join your own study to enter trade.
Colpal : Looking good for Buying above 1540Colpal looking good at current level to buy for swing for the target of 1643
Formed a good base at 1465
SL to maintain at 1480
Keep trailing Sl as it moves in your direction
Note : This idea is for only educational purpose
Downtrend channel breakout in COLPAL for target of 1560+ After the breakout of the downtrend parallel channel, COLPAL made retracement 38.2% of the Fibonacci level. Once it breakout the resistance level of 1510 then we will get next projected target of 1560+.
Possible Trade:
Buy COLPAL Above 1510
Stop loss 1494
Target 1560+
COLPAL- Flag & Pole PatternCOLPAL- Flag & Pole Pattern
If breaking the trendline, we may see the level of Resistance around 1510-1540
On Downside Support around 1450-1434 in short term.
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Updated on : 05-NOV-2020 6.00pm
Disclaimer: Only for learning purposes.
Colgate palmolive (Colpal)As B wave fail to retrace wave A more than 61.8 %..we can say it is Zigzag. purpul color.
Contracting triangle formed in wave B...BD line of contracting triangle was broken voilently....
upward move is started ..
minimum target is 1691...then 1878 in coming few weeks
Colgate Palmolive - Investment Grade IdeaColgate Palmolive looks good to buy at levels marked in the chart. Our view is for investment for around a year.
Views only for educational purposes.
Swing / Intraday Setup: Looks good above 1490 with confirmation Swing / Intraday Setup: Looks good above 1490 with confirmation on 15 mins candle for 1515/1540/1565. Enter with SL of 1470 for swing and 1480 for intraday.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
COLPALIm not an expert im just sharing my views on COLPAL for tomorrow
Im not responsible for any profit or loss this is not a recommendation
COLPAL ready to fireColgate Palmolive (COLPAL) may give handsome return if closes above 1450 with Stop Loss of 1400.
1st Target 1500
2nd 1600++
COLPAL - Paused in a Triangle Whenever we see a triangle pattern, wait for the breakout of any-side for a potential trade setup , Triangle gives less risk to reward and 90% of the time ...price continues in the breakout direction.
