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...
Colgate Palmolive (India) Ltd - 07.01.2022 The stock is trading @ 1470 levels The prices are at EMA The prices are at Support Zone There is a SPINNING TOP in daily chart There is a HAMMER in weekly chart There is a Resistance Zone @ 1480 levels Let the prices go above 1495 Watch out for the price action
NSE:COLPAL Observations: 1) On 1 day time frame, it is just below 50DMA and gave good up move after trading for few days above 21DMA. if it trades above 50DMA then it will make a good up move. 50DMA is immediate resistance. 50DMA is placed at 1482.39. So we can say 1480-1485 will be resistance zone. 21DMA is placed at 1448.36. So we can say 1445-1450...
This is for educational purpose. trade as per your risk. COLPAL bullish view for December
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
In Daily chart if ColPal stock is giving breakout with good amount of volume above 1542.80 then I strongly feel it will go up to next résistance which is 1637.75 then you can either book profit or partial book or pump a bit more risk. Note: I'm new to technical analysis, do your own math. I'm open to new ideas and flaws in my analysis, so please do comment and...
Colpal => In Daily time frame, a cup and handle pattern seen and soon to give a Breakout.
NSE:COLPAL I am posting this on request from a follower on Twitter. Observations: 1) On 1 Day time frame, we can see after long downfall it stopped at 400DMA and took support from it. 400DMA is last major support of any stock. Currently it is placed at 1527.49 level. So we can say 1500-1530 level is critical support zone. Immediate resistance is at 1575...
The stock has retested the breakout on three occasions. The third retest seems strong as also took the trendline support. Supply seems to be absorbed and stock seems ready for a swing. I always try and post my stock analysis which offer good R:R. This is one of them. The resistance zone marked can be kept as a SL for gains upto previous swing.
Bullish buildup happened in COLPAL ready for take long position.
NSE:COLPAL Observations: 1)On Daily Time frame: After breaking rounding bottom pattern, we can see that it has been trading and keep on taking support from neckline and critical zone of 1710-1720. Please refer below chart : Daily time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the...