COLPAL
Colpal to trade between 1391 and 1455COLPAL is an upwards trending stock.
It is struggling to breakthrough its weekly resistance ranging from 1440-1455.
It has though formed and Inverse HandS pattern thus an up move can be expected from current level as we see quite a number of downward rejections by the stock.
Trading strategy:-
Intraday traders: Enter the buy positions at 1425, 1420, 1415 with target of 1455 (Enter after market stabilizes).
Enter after market stabilizes. The idea is a bit risky. Keep following for trade affirmation.
COLPAL Trade Setup Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Colgate predictionAs seen from the tend, the major trend is on the upside and 0.618 retracement level was tested once. The top should now move to target of 1460 with a SL of 1360.
"COLPAL- Colgate Palmolive" longCOLPAL shows positive indication but be cautious on triangle breakout.
disclaimer: this image is only for the educational purpose don't take as a recomendation, for the investment please approach financial planer.
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Colpal levels for 14-Jul-2020(Intraday)Buy above 1440 for 8,20,50+++
Sell below 1425 for 8,20,50+++
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All views for Educational purpose, Trade at your own risk
COLPALFollow for latest updates
CMP- 1432
Buy above 1435 with the stop loss of 1420
Targets- 1443, 1445, 1450
COLGATE-PALM Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
COLPAL LONG OR SHORT ?Buy If sustained above 1380 may hit the target 1411/1425/1436 sl 1333
Sell if sustained below 1320 may hit the target of 1296/1266 with sl 1359
**Educational Purpose only
ColPAL on bullish Trend on all TFsOn all TFs Colpal share is on bullish mode & trading above the 50 EMA Level. Daily BO has been done & today we have seen the selling pressure at the level of 1425 & stock taken the pull back. So now long entry can be taken above the level of 1412 till the weekly Resist area between 1440 to 1445 as marked on the charts. Once this level crossed than shortly we can seen the level of 1475 to 1480. So add the stock in your watch list to see the price action.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
COLPAL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Synergistic Pattern: Advance pattern (W+Triangle) + Triangle Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 1350
SL: 1455
Target: 1320
RR: 3.5
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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INTRADAY | TRENDLINE ON 15 MIN | BUY IF IT BREAKSKeep an Eye on this trade.
If it breaks the trend line with good volume, Buying opportunity can be seen above 1370.
Target 1 - 1390, Target 2 - 1400, Target 3 - 1420
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
#Colpal - Bearish in Daily time framework Lookin bearish - Can for sell below 1370 and buy above 1385
