BullishColgate Palmolive: It is in a sweet spot having crossed 2/1 resistance angle and remaining bullish, for fresh entry. Support is at 1235. Target in intermediate term is 1700.
COLPAL trade ideas
ColpalPrice at Triple Top resistance. There are two sets of Tweezer Tops formed (on 3-4.12.18 and 11-12.12.18) which may signify strong resistance.
OI Table: 1320 Call has the highest OI which will act as strong resistance followed by 1300 Call which has second highest OI-- immediate resistance. One can go short near 1312-15 keeping an SL at 1325 for a target of 1180. Very good trade setup of risk-return ratio.
Still better way to trade would be to sell December Future and hedge by buying 1320 Call or by buying Nifty ATM Calls 5-6 lots. Hedging by Nifty Call would be a better idea since Nifty Calls have slower Time Decay (Theta) than Colpal Calls.
COLPAL Inside Bar Tradesell if it crosses PDL with a stoploss at PDH
buy if it crosses PDH with a stoploss at PDL
Colgate(I)-W-Bounced off trendline, if held, new highs are onTrendline support. Cheap valuations vs the sector. Improving nos. post the patanjali intrusion
ColPal - Inside Bar TradeLong on 1119.50 break with SL as 1101.
Short on 1100 break with SL as 1119.45.
Colgate (I) -W- Bounced off trendline, if held, new highs are onBounced off the operating bullish trendline. Long basis that
