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
COLPAL trade ideas
Colpal - Cup & Handle Pattern Expecting BreakoutColpal => In Daily time frame, a cup and handle pattern seen and soon to give a Breakout.
Simple Trade Setup | COLPAL | 27-10-2021 [INTRADAY]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 level.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date 27-10-2021:
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.
COLPAL _ LONG COLPAL- Buy at point D
SL beyond point D
Good opportunity seen for buying for swing trading.
colgate-palm - bullish butterfly-TF-dailycolgate-palm - bullish butterfly-TF-daily
wait for revesal at prz zone
can see some upside 1620-1640-1660
25 oct result
below 200ma- oversold zone
educational purpose only-This is not a recommendation
Inspired by Trading Mirror telugu
NSE:COLPAL LongNSE:COLPAL
#COLPAL broken its support 1630 levels and reached to next support @ 1590 levels
Sustaining above the level give good momentum.
SL 1560 for Long
Post Confirmation one can try 1600 CE with the SL mentioned above.
Happy Trading !!
COLPAL Triangle PatternSwing Trade Update
Buy Range : 1670-1680
Target : 1800
Stop Loss : 1640
Key Points
1)RSI Range 44-42
2)Weak Sellers
3)Current Market Trend Higher High and Higher Low Structure
Colgate Long oppTrade possibility once it breaks the resistance level .......................................
Colpal about to BreakoutSymmetrical triangle firmed and ema supporting price and consolidation going on, it will blast in coming days.
COLPAL - Long trade ideaBullish - Breakout retest continuation - I am long. Trend following pattern RR 1:3
Multi Retest - COL-PALThe 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.
[Turtle] Colpal 1760CESelling Colpal 1760CE as there is resistance there. If it breaches I will buy fut (for intraday). Betting on consolidation
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
Intraday symmetrical triangle breakoutSymmetrical triangle breakout trade with fix sl no trailing 1:2
Simple Trade Setup | COLPAL | 20-09-2021 [INTRADAY]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 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.
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.
