Colpal near it's support zone and expecting a bounce towards white marked targets on the chart.
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Colpal is following a support and resistance from two trend lines respectively as marked. Now colpal is at the good support point which coincides with a demand zone. Entry, SL and target are marked on the chart which can easily give us 1:2 RR and if someone wants conservative entry they can buy at 1562.
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.
NSE:COLPAL
Trade Setup for 02-05-2022
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...
NSE:COLPAL
Observations:
1) On 15min time frame, we can see it in support channel as well as near the 1550-1560 support zone. If it sustain above it and takes support from it then we can see a pull back on up side but breakdown of both can lead more selling in it.
Please refer below chart : 15min time frame.
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...
NSE:COLPAL
Observations:
1) On 1 day time frame it has formed rounding bottom pattern.
Please refer below chart : 1day time frame.
Sustainable breakout of 1560 will be buy entry.
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Trade Setup for 04-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and...
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
Observations:
1) On 15 min time frame we can see it is in falling channel. If it gives breakout above this channel then we can see a good up move. If it open gap up above this channel then better to avoid. Let it test the channel for support then if it gets support then it will be buy trade.
Please refer below chart : 15 min Time Frame. ...
Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest.
Positive RSI Divergence:
Positive RSI divergence observed since 20/12
44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now
Double Bottom:
It seems it created double bottom today...
NSE:COLPAL
Trade Setup for 10-01-2022
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...
![COLPAL: Simple Trade Setup |COLPAL | 02-05-2022 [INTRADAY]](https://s3.tradingview.com/a/agSVtrWe_mid.png "Simple Trade Setup |COLPAL | 02-05-2022 [INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 11-04-2022 [INTRADAY]](https://s3.tradingview.com/l/LWCU1gSY_mid.png "Simple Trade Setup | COLPAL | 11-04-2022 [INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 04-04-2022 [INTRADAY]](https://s3.tradingview.com/n/NC57HhTh_mid.png "Simple Trade Setup | COLPAL | 04-04-2022 [INTRADAY]")
![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 | 28-01-2022 [INTRADAY]](https://s3.tradingview.com/e/eGDNxwGw_mid.png "Simple Trade Setup | COLPAL | 28-01-2022 [INTRADAY]")
![COLPAL: Simple Trade Setup | COLPAL | 10-01-2022 [ INTRADAY]](https://s3.tradingview.com/x/xdV0zEsO_mid.png "Simple Trade Setup | COLPAL | 10-01-2022 [ INTRADAY]")