COLPAL trade ideas
BEARISH DIAMOND PATTERNRULES TO KEEP IN MIND:-
A visible uptrend must take place before the diamond top formation.
The diamond top formation must be well stated with four trend lines that links to each other. They should not be far apart from one another.
Place a sell order at the market after a break and close beneath the uptrend close to the finishing of the pattern.
Traders often apply the stop loss at the very recent swing high before the breakout level.
Traders often determine the target level depending on the calculated move measured. We will calculate the proximity between the highest high and the lowest low in the structure, and plot that downward from the breakout level. This plotted line would serve as the profit exit mark.
The trade will have an additional time stop component. Precisely if 50 candles passes, and the price fails to trigger either the stop loss or target mark, we will have to exit the trade immediately.
Simple Trade Setup | COLPAL | 23-11-2021 [ INTRADAY]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 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.
Colgate to 1640 by Nov 2021 EndBuy COLPAL
At 1535-1530
Stop Loss - 1495
Target - 1565, 1600, 1640
Time - 20 Days (By Nov END)
ColpalBreakdown in colpal.. very bearish... even if pullback that will be good only for shorts untill trend changes
Colgate Palmotive Analysis | For Educational Purpose OnlyNSE: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 - buy on dipsBuy from cmp to 1500
easy tg - 1550
tg2 - 1600
Disclaimer : This is my personal analysis for study purpose not intended for trading
Learning PurposeWeekly 100EMA and Tradeline support. Not a trade recommendation only for learning Purpose.
ONLY MEDIUM TERM !!!!!!BEST FOR UPTO 6 MONTHS HOLDING. stock is at yearly support level .
SL : 1450
Target: 1800
duration : 4-6 Months
collect colgate for white futureThe stock has seen decent correction and has moved up from support. with nifty support it may shoot upto 1650 which is its next resisitance pint.
Swing Opportunity in Colgate PalmoliveGo Long above 1547.1 for Targets of 1593.2, 1639.3, and 1685.4 with SL 1501
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.382 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a trendline (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Colgate to climb up - Price Action with bullish pinbarColgate Palmolive is ready to rally into bullish mode as it has already reached accumulation stage and is about break out into uptrend. Time for you to take an action before it's too late.
Gave 1:6 in Short sideColpal Gave Exact short opportunity soo got 1:6 as of now and waiting for more.
Colgate Colgate which was strong and safe stock which is now on buying zone. Buy in this Range 1480 to 1550. This is main support range.
First important Resistance 1630- 1650
Stoploss Range 1450 Rs at Closing Basis.
Disclaimer : Only for study Purpose
Decision is yours not any buy and sell Recommendation
ColPal: Good swing setupIn 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 collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Colpal looks bullishRSI is in highly overbought region ( below covid levels) and looking for bounce from long term trend line around 1500 levels shown in chart.
Stock is fundamentally strong and a monopoly, had slight dip in profitability due to high commodity prices.
Target for next few months
Target 1: 1633
Target 2: 1800
Happy trading
Colgate - Reversal from here ???After 20% fall from highs Colgate is now showing strength.
Very good risk:reward in this trade
Targets : 1645,1730,1810
Duration: short to medium term
SL: 1520
