COLPAL trade ideas
Colgate palmolive (Colpal)As B wave fail to retrace wave A more than 61.8 %..we can say it is Zigzag. purpul color.
Contracting triangle formed in wave B...BD line of contracting triangle was broken voilently....
upward move is started ..
minimum target is 1691...then 1878 in coming few weeks
COLPAL is Ready to RallyNSE:COLPAL has shown a breakout upward with a large volume indicating upcoming bullish move.
The MACD is bullish.
The EMA20 is greater than EMA50 showing the script is in bullish trend.
The RR ratio is also good.
Colgate Palmolive - Investment Grade IdeaColgate Palmolive looks good to buy at levels marked in the chart. Our view is for investment for around a year.
Views only for educational purposes.
Swing / Intraday Setup: Looks good above 1490 with confirmation Swing / Intraday Setup: Looks good above 1490 with confirmation on 15 mins candle for 1515/1540/1565. Enter with SL of 1470 for swing and 1480 for intraday.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
COLPALIm not an expert im just sharing my views on COLPAL for tomorrow
Im not responsible for any profit or loss this is not a recommendation
ColpalColpal GAVE BREAKOUT FROM TRIANGLE PATTERN ...A CONVERGENCE AND ALL MA IN ASCENDING ORDER...IN DAILY N WEEKLY CHART...
COLPAL ready to fireColgate Palmolive (COLPAL) may give handsome return if closes above 1450 with Stop Loss of 1400.
1st Target 1500
2nd 1600++
