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
COLPAL trade ideas
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.
COLPAL stock is in uptrend
in the recent past saw a zig zag moves
and side ways correction
trend might resume soon
one can look into this stock
for targets towards 1047/1070/1095
sl based on individual trading style
entry mentioned in charts
BUY COLPAL CMP: 1076 TGT: 1095 SL: 1064 (INTRADAY 9/6/17)Extremely bullish momentum verified by indicators. Price Action showing Higher lows and higher highs. Expect this to continue before market finds a top. Keep SL around 1064 and book profits nearing and above 1090
ColgateThe stock has finally broken out of a 2 year Cup and Handle after 2 failed attempts on a convincing basis, keeping a Stop Loss of 1029 on closing basis can do Targets of 1099/ 1220 in the medium term
COLPAL : SHEDDING WEAK HANDS BEFORE AN UPMOVE..?COLPAL looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST.
It has not moved in proportion to HUL (HINDUNILVR).
But then why the last candle is red..?
In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a upmove.
The Derivatives data shows 5.66% increase in OI. Delivery position is 69.9 % & the Highest Call OI is placed at ( guess what ) 1100 Calls. The MACD is signalling a BULLISH CROSSOVER. This kind of rings bell...
Low Risk / High Return Trade in the offing...? Maybe... Let the markets tell us...
Trade : BUY, SL - 1020 TGT - 1100.
COLPAL - LongLong Colpal for a target of 1100. Stop below 965 on closing basis.
Indicators are positive.
Colgate beautiful Diamond pattern The stock has nicely formed Diamond pattern so one can put the stock in their watch list and trade accordingly. Good Luck
Colgate Palmolive - Weekly Resistance on uptrend channelIts been observed that COLPAL is facing resistance on weekly uptrend channel which got breached in between and then come back. We can see selling pressure in coming days.
TP: 930
SL: 1070 On closing basis.
Note: Charts are published for educational/learning purpose and used for trading will be self decision.
Head & Shoulder Reversal BreakoutThe stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
COLPAL: Loosing Ground, formed BEARISH Gartley in Wly & DlyIn Weekly Chart (Shown here) Point B = 0.788 XA .
Point C = 0.762 AB & so on....
In Daily Chart same Happened.
Can See By Changing the Interval to 1D.
Also Many of the Lead indicators & Oscillators Shows -VE Divergence.
