Colpal for 12th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
COLPAL trade ideas
Above 1600 the stock might move towards 1615/1625Colpal has been consolidating in the range of 1560 - 1585 for the last week and has finally broken out of the range and looks like it might head higher towards 1615/1625 SL can be placed @ 1585
All trading strategies and ideas shared are to be used at your own risk.
Stock Analysis of Colgate-PalmPrice -1592.10 Dt. - 07-01-2021
Stock is moving in an uptrend from late September and provided roughly 10% profit every month. The stock has given the closing below the resistance line of 1597.10. We are expecting the stock to take the support of 21DEMA and start moving up. RSI is neutral. If stock starts moving up from the next trading session can it can go near to the all the all-time high.
WAiting for breakdownSell colpal after breakdown of double top pattern entry below 1583. With a minimum target of 1560 stoploss 1595.
LONGCOLPAL seéms to be good Long candidate..once close above 1600 thnn good opportunity to buy ...with a positional target of 1900-2200 and with s.loss at just below 1510 on closing basis.
COLPAL - 1H TF - Trendline ObservationsTrendline Observation(s). Movement above 1541 on Hourly Chart of COLPAL. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Intraday stock for 15-12-20Go for long as the stock has broken assymetrical triangle pattern followed by Price action
POSTIONAL BUY TRADE ON COLPALAs you can see the stock is breaking out of a long term resistance trendline. Sustaining above 1600 can push the stock higher to new all time highs. Possible that COLPAL is the new big bull FMCG stock that benefits from India's consumer growth story.
COLGATE -COLPAL :- BUY FOR LONG TERMCOLAGTE COLPAL HAS BROKEN ITS CONSOLIDATIONS AND IT IS READY TO GO TO IT'S ALL TIME HIGH ,WE CAN EXPECT 20% TO 30% UPSIDE MOVE FROM CURRENT PRICE,CHARTS LOOKS SO AMAZING,BUY AND HOLD FOR LONG TERM .
BUY :- CURRENT PRICE
SL :- 1540
TP :- 20% TO 30%
Note:-Result is Not Guaranteed , Not responsible for any kind of loss.
LONG COLPALFormed an Ascending Triangle Pattern on the Weekly Chart
MACD Crossover occurs. Wait for breakout over 1596/-.
Make your decision based on further price action.
COLPAL is trying to breakout multi weeks resistanceNSE:COLPAL Probable candidate for Swing trading... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
COLPAL VIEW - CONTINUATION 🎯🎯🎯IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
