COLPAL trade ideas
ColpalPlease follow the charts...
My view : Bullish...
Based on the fib i drew line...
Please play accordingly as per nifty movement...
Do your own analysis....
Colgate Palmolive (india) Ltd- COLPAL - level to TRADE on 11 MAYNSE:COLPAL
My Analysis is based on Astrological sign we need to see the level of 1359 to take either Buy Or sell and the prevailing market condition when the level is hit.
The Target on Buy Side from 1359 are 1370, 1382 & 1395 with Sl of 1349
The Target on Sell Side from 1359 are 1349, 1330, 1320 with sl of 1370.
COLPALTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
~
colgateColgate near trend line supply zone...let's see which move come next week but one thing confirm either breakout or rejection my follower will earn money in dis stock
so stay tuned guys for more chart and trade setup
bearishonce colpal break support of 1284 on daily basis it is moving toward 1200-1150 short once it break 1284 sl 1310 on hourly basis
COLPAL - VIEWColgate-Palmolive (India) Ltd. has corrected after a sharp rally, presently below MID-BOLLINGER - 1396.
The stock has price strong support at 1345-65 Zone.
Below that at 61.8% pullback of the last rise around 1250-57.
if price action shows support in either zone, it may stage a smart bounce.
Short COLPAL below 1440Colpal was going up with higher high and lower high forming price action. It was also taking support on trendline which is about to break.
ColpalInside bar formation in the hourly chart
Except the price can move upside in coming days
Cmp 1464 target1517-64 stoploss 1443
COLPAL just broke the trend !!!!!COLPAL likely to jump from the demand zone and show some upside move from here.
colpal forming aHead & Shoulder Pattern. If neck line are brokeicolpal forming aHead & Shoulder Pattern. If neck line are broken then it goes upto 61% level
COLPAL TRADING SETUPCOLPAL broke a huge resistance and ended above it today in the Daily chart. New targets and new support levels are mentioned.
Ideas mentioned are personal views. Please don't use as trading advice.
COLPAL LONG BULLISH MARUBUZU CANDLE
READY TO BREAK TRENDLINE UPWARD
ENTRY ABOVE 1517
STOP LOSS - 1407.45
Colpal Equity Positional IdeaA Risky Position in this volatile market. Reasons have been mentioned in chart itself.
