#COLPALCrossing further 1481.90 reaches 1521-1522
1481 acts as a resistance, which is the previous low
COLPAL trade ideas
LONG TRADE IN COLPALbullish divergence in rsi along with super strength in rsi.....with sector support can reach target 1560-1660 sl 1440 tf 1-2 month
colpal flag and pennnat patternColpal buy only after breakout..... trade as per chart ...chart tells everything
Simple Trade Setup | COLPAL | 03-01-2022 [INTRADAY]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 will be support zone.
Also it came out from the range of 1415-1475.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see support channel.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 03-01-2022
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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
colpal long move aheadcolpal gave strong weekly closing, in daily time frame made W pattern, it should go up
COLPAL on begenning WAVE 3.COLPAL on begenning WAVE 3.
NEVER EVER MISS this wave..
Colgate-Palmolive products are trusted by millions around the globe to care for their families and homes.
Multiyear SupportPrice trading near multiple-year support zone and also break the upper boundary in short term chart .
COLPAL at consolidation BreakoutCOLPAL for long side trade, wait for consolidation breakout above 1475/-
Levels in Chart
Colgate RSI divergenceVery good swing opportunity in colgate.
SL 1385 can be trailed later
Target 1790
#COLPALColpal has taken support in the multi year channel line. At this point we have chance for low risk trade. let us see what market says.
#COLPALICMC at 1466.05
1467 must be cross which can upthrust further based on shunting and Weekly chart
Eyes on Colpal - Entry above 1475 if sustained. Target - 1550Looks like a proper swing trade above 1475. it is taking support from the 5 year timeframe trend line. As well as near its area of value support. There seems to be an hourly breakout too. Rsi is indicating strength. It also made a bullish engulfing candle on today's closing with volumes. Also there's a long build up in this stock.
Worth keeping an eye for. This could be a lucrative trade.
Thank you :)
COLPAL- SWING BUY- Weekly TFBe alert when stock comes to 1350 level and any where from then on a strong GREEN candle is really good you can buy for a decent profit
DO YOUR OWN research
colpal wave x/4 bounce.Seems like we will see bounce from current price reasons are as follows:
1)Triple negative divergence on RSI
2)End of 5 wave impulsive decline.
3)Breach of down slopping trendline.
4)Price taking support near previous support level.
5)Price crossing 9 day ema@1444.(Although close should be considered).
6)Bullish engulfing pattern on daily chart.
Structurally we are either in an 5 wave impulsive decline of which 3 waves are done or we might have ended a regular flat correction around 1420 levels.Going ahead we have 2 scenario's which can unfold.One is bounce in the form of wave 4 and other is bounce in the form of wave X.Both the scenario is pointing towards price target of 1550(38% retracement of last swing).
One can go long at cmp of 1450 with a closing stop of 1414 on the down side and can expect target of 1500 and 1550 in coming 2-3 weeks.
Disclaimer:This are my views,no position should be build or exited on the basis of this analysis.
COLPAL Long opportunityNSE:COLPAL
Hello all!
Colpal has been moving in an expanding channel and taking support from the lower channel trendline since May 2016. It's now back near it which makes it a good opportunity to go long.
There are a few other factors that strengthen my conviction of taking this trade
-> Presence of 200 Week EMA
-> Presence of strong demand zone
-> Stock is between 50 - 61.8 % fib zone (Golden
zone)
Risk-averse traders can wait till trendline 1 is broken. Aggressive ones can enter as soon as it touches 200 week EMA as the stop-loss will be very small!
*NOT A CALL*
HAPPY TRADING!!
ColPal#COLPAL
At interesting juncture
More weakness below 1414
Strength above 1470.
MACD +ve crossover, hence expecting to reverse from here..
col palCoalgate stock can give you a good smile with 25% returns.
Let the stock consolidate for some time then enter.
