Intraday stock for 15-12-20Go for long as the stock has broken assymetrical triangle pattern followed by Price action
COLPAL trade ideas
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 >>>>>
COLPAL 1HRTHE STOCK WAS TRADING IN A RANGE FROM A LONG TIME TODAY IT GAVE A BREAKOUT OF THE RANGE
THE BEST BUY WILL BE ABOVE 1580 ONLY
TARGETS AND STOPLOSS ARE MENTIONED ON THE CHARTS
COLPAL FOR LONG POSITION ON 09-12-20Today I would like to take a long position followed by price action in COLPAL as it is ready to go for a breakout
COLPAL, SAME RESISTANCE ZONE TESTED AGAIN & AGAIN (CHART# 393)All level mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Colpal- A powerhouse is about to break.Colpal is testing the higher levels again and again and it is kind of simple breakout with no complications in it.
From the bottom is has been making higher lows and probably continue to do so.
Only thing that we have to lookout is how does it break the resistance. It needs to halt for a while before going out for next move. If it does not halt and keep going up then i will wait for the pullback to happen as i wont have a stoploss with me.
Nothing much to add.
Keep and eye folks. Cheers and Happy Trading.
COLPAL BUY ZONE based on W pattern formation
entry for buyers possible here
@ 1535-30 level
for target 1560 +
stop as comfort
supporting points
>>> RSI consistently showing bullish momentum
>>> resistance line 1535 possible break for next upmove
disclaimer - join your own study to enter trade.
COLPAL breaks it's 2 month old Trendlline.After taking multiple supports, Colpal has finally breached the trendline and is now at the mercy of a minor support zone, as indicated by the smaller TL. If this trendline is broken, one can go short at 1490 and see 1470 levels to be retested again.
SHORT IF IT CLOSE BELOW 1470Taken support @ 50 Days EMA..
As per options data...new short positions have been initiated..
I will short ..if it closes below 1470 in upcoming days .
