Colgate for the target of 1700+ if break 1668.FMCG sector is bullish and Colgate is taking a reversal in trend from 14 days downtrend.
COLPAL trade ideas
Simple Trade Setup | COLPAL | 23-08-2021NSE:COLPAL
Observations:
1) On Daily Time frame, it is holding it above 100DMA.
Please refer Chart below: Daily time frame.
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Trade Setup for Date 23-08-2021:
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) If you know scalping then you can do between 1700 to 1670 levels. Good upmove will be only on breakout of 1700 level or if it takes support from 1700 level.
3) If it faces resistance from 1700 level then it will be short trade entry.
4) Everything is mentioned on the chart. I hope it is easy to understand.
5) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
[POSITIONAL] COLPAL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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COLPAL - Pattern AnalysisImportant days ahead for COLPAL.
We can expect both Breakout/Breakdown. If volume supports price then we can enter a trade with levels given.
Colgate Near its Supply zone for retestA fundamentally strong stock is up for grabs for a target of 10%. Hold the trade if the trade goes against and add more qty at 1500 level to average out the price. On Weekly and Daily time frame it looks great.
Colpal Cmp 1663 dated 16.8.2021Colpal Cmp 1663 dated 16.8.2021
1. Darvas Box Support @ 1635
2. RSI Divergence
Buy above 1670 for a tgt of 1685-1705-1730-1750-
1825 SL 1625
It is just a view, pls trade at your own risk.
colpal breakout with volumecolpal given volume breakout above 1665...
above 1665 may target1700++
levels to watch 1665-1681--1702-1710
Colgate Palmolive ColPal , 4hr demand , good for Swing Trading1 Price is in daily demand as well as in 4hrs demand
2 There is a Positive Divergence (Probable price reversal)
3 Price is Daily and 4 hr demand , since Price is making Lower Low but Rsi is showing Upward Momentum
Happy Trading
NR4 in colpalnr4 candle is formed near support area on weekly cha. breakout will be confirmed if candle closes above 1668 on daily chart. if closes below 1625 it will be a bearish signal.
COLPAL... ACCUMULATE FOR LONGTERMSupply zone- A price area where is strong selling interest. The supply is more than demand.
Demand zone- A price area where there is huge buying interest. Demand is more than the supply.
When the supply zone is broken out it turns into a demand zone.
COLPAL is at a good entry point. Can accumulate from 1600 to 1650 levels for the long term.
Just doing a study on colgate ! Should take a reverse from here?Keeping it on radar for a long time. Looks good . Suggestions please!!!
colpal converting resistance to support reversal in action ,
a wonderful support that was created in year and its time to stand on that resitance
COLPAL BULLISH HARMONICSBULLISH HARMONIC AND TREND LINE SUPPORT
TRY TO BUY ON DIPS 1634.6 POSSIBLE REVERSAL NUMBER
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Pullback Possible towards 1780++Buy @cmp - 1670
Target - 1780++++
SL - < 1610
Trying to pullback from the support. If it forms positive candle, then can take the position.
[ Positional ] COLPAL Long Trade
r : R ratio is 1 : 2
Rest as per CHarts
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.
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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.
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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.
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COLPAL - Price and Trend SetupCOLPAL is in raising trendline channel joining recent high and lows to March 2020 significant low. Long entry can be considered with nearest support as SL zone.
