COLPAL trade ideas
Colpal - Watch out for breakoutNSE:COLPAL has formed symmetric triangle and one can go long if it breaks out
Go long 1062.10
T1 - 1087.40
T2 - 1116.81
SL - 1030.70
Falling wedge pattern completedThe stock has broken out of the upper trend line of falling wedge. This bullish reversal should take the stock higher.
Target 1: 1108
Target 2: 1160
Would appreciate comments from all fellow traders.
For educational purpose only.
Falling wedge pattern completedThe stock has broken out of the upper trend line of falling wedge. This bullish reversal should take the stock higher.
Target 1: 1108
Target 2: 1160
Would appreciate comments from all fellow traders.
For educational purpose only.
COLPAL - At Support.At Trend Line Support.
Stock is in Demand Zone.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
COLPAL ABCDThe stock has formed ABCD and reversed as per PRZ.
Today's doji is indecisive which is exactly at 23.6% fib retracement.
Go long if the price breached the High of doji candle (above 1063) with SL at low of the candle (1050).
Target 1 - 1084
Target 2 - 1102
SL - 1050
Entry - 1063 above.
COLPAL S&R TradeLong trade due to support @1040. High R:R ratio.
Target 1070.
Maintain Trailing SL once it reaches 1070
ColPal - Will it reverse from its support?NSE:COLPAL has reversed at its support and has formed hammer like pattern in daily chart
One can go long above 1058
T1 - 1085
T2 - 1121
SL - 1028
colgate palmolive looks bullish in medium termIn weekly, there has been a multi-year resistance breakout , then retesting of the breakout level.
in daily hidden bullish divergence is seen,
sl - 1005, tgt1 - 1166, tgt2 - 1267
Long on Confirmation This stock will have small rally , once close above 1100 I am looking to go long for Target of 1150+
Regards
The Advantage Of Tape ReadingThe sock is up, opened 1139.80, crossed 1147 resistance and made a high 1164. It moved quite fast and approached near resistance area so I should plan for a short. Waited for the signal candles A + B and placed a sell order below B (1156). I got in but the Stock took a turn and head higher in candle C.
Looked at the Tape, huge selling bids @ 1162 which the buyers were unable to absorb. It tested seller once in candle C; second time in candle D -- the small wick at the top was some fellow's stop loss which I think got hit, it was just one trade above 1162; third time in E and I sell short more @ 1161.50 quite confidently. I was in a losing position and I averaged..oops..broke the rule, but had a strong reason to do that. Target was at 1149 -- the green line (just above the 1147 level) and stop above 1162. The whole idea behind the trade was the anticipation of a retest and the supply gave fire to the idea. The 1155 level gave some pain but finally the target was hit.
So before making any decision its good to have a look at the tape, better watch best five bids. Many a times it helps a lot.
# As it was a counter trend trade, I did not trail.
# I never place stop loss orders in stocks like Colpal, remember the fellow sitting @ 1163 got hit..He must be disturbed coz thereafter the stock moved in his anticipated direction. Instead of placing stops I keep a hawk eye such stocks.
I hope you find this information useful..so hit like/comment.
Trade safe, be healthy.
Regards
Bravetotrade
Colpal Theta DecayTheta Decay
one can sell
1100 PE at 5
1200 CE at 3
Max profit = 5600
If Colpal stays between 1100 - 1200
please consult your finance advisor before executing trade
COLPAL - Intraday BUY - for 29/08/17Today it did not perform as expected. Still i think there is potential up move in this scrip.
Buy at current price
SL : 1095
Target : 1117
# 012 COLPAL BUYsome heavy buying on colgate spoted
111.80 cr. and also 95.14 cr. on delivery based (86.89 % )
ColPal on good resultGood result and also broken the upside trendline.
Trade:
Buy above - 1083.50
Target 1 - 1103.50
Target 2 - 1124.00
Stop loss - 1059
Colpal - Rounding bottom!Price action is forming a rounding bottom. Buy above 1080 with the stoploss of 1070. Targets are 1100 and 1025. Always follow your trading plan.
COLPAL HEADED TO 1120 NSE:COLPAL READY for 1100 ?? BB contraction AND THEN EXPANSION IN LAST hour of trade , where entire market sold off . Stock closed on day highs. Was in the demand zone for a long time i.e. 50-61.8% fibonacci level. huge Spurt in volumes contributing to it.
COLPALcorrection finds support
since fmcg stocks are in good cheer
can expect the stock to bounce from here
rest explained in charts
Colpal : Can we get that Dual Breakouts ?The Dual Breakouts are one from Triangle & next in terms of channel on higher timeframe.
i) You can trial stops & ride more upside if Colpal gets bullish
ii) On larger Timeframe it will be channel, so channel breakout possibility also there
If all goes well, we are in for treat with this colpal breakout.
