Breakout - Colpal > 1825
COLPAL has already broke the 1825 level.
But from last 3 weeks , it is continuously moving.
I will wait for confirmation and if take little bit profit booking then it will be good opportunity to accumulate
📊 Script: COLPAL
Key highlights: 💡⚡
📈 On 30 Minutes Time Frame Stock Showing Breakout of Broadening wedge Pattern.
📈 Strong Bullish Engulfing Candlestick Form on this timeframe.
📈It can give movement upto breakout target of 1533+.
📈 Can Go Long in this stock by placing stop loss below 1500 for target of 1525 and 1533.
Looking at the charts on various time frames - few stocks with Possible upside Harmonic patterns are shared for study purpose:
NSE:LAURUSLABS
NSE:HINDUNILVR
NSE:ASHOKLEY
NSE:COLPAL
Colpal near it's support zone and expecting a bounce towards white marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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 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.
Colgate Palmolive (COLPAL) has been trading in a 7-year long parallel channel and is now at the base of the channel. The stock is also trading near its 200 week moving average (green) for the last few weeks. The stock has never fallen below this 200WMA support in its life. As an example, during the Mar'2020 fall, the stock took support at 200WMA and bounced from...
NSE:COLPAL
Observations:
1) On 1 day time frame, it made rounding bottom pattern. Resistance range is 1480-85 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 04-02-2022
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...
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...
NSE:COLPAL
Major Support can be seen here: 1475 (If sustained good upward movement can be seen.
* 20 days SMA has become a good resistance
* Selling Volume is declining
---> Look for Opportunity
![COLPAL: Simple Trade Setup | COLPAL | 04-02-2022 [INTRADAY]](https://s3.tradingview.com/q/QJSnWvbp_mid.png "Simple Trade Setup | COLPAL | 04-02-2022 [INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]](https://s3.tradingview.com/w/WmS7n1zk_mid.png "Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]")
