COLPAL trade ideas
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.
AT CRUCIAL JUNCTUREWatch out ... CRUCIAL level .. if SUSTAINS 1401 might trun bullish... For TGTS of 6-9-12-15-19 points.
COLPAL#COLPAL finding resistance @ previous support level of 1440! Can we see it clearing above that! On the other side 1360 is acting as support for now, breaking below will bring in supply again.
#Colpal Sell#NEw Chart
#COLPAL just given breakdown in #Ascendingtriangle pattern now stock can move towards 1,340/1,315 levels with the help of 1,390.00
COLPAL Daily Analysis 15 April 2020Delivery Volume Increasing.
Overhead Supply Zone @ 1455.
Bounced From Demand Zone @ 1110.
Price abv 50&200D EMA
Now taking Support @ 50% Fibo Level
