Scallops Ascending and Inverted. Average rise is 43%colpal chart has formed scallops ascending and inverted, average rise for this pattern is 43%
Also since last few days higher delivery percentage of quantity, also stock is near its 52week high.
COLPAL trade ideas
Colgate (Colpal) : Weekly.Triangle breakout on Weekly chart may suggest further strength and good upside can be seen in short to mid term.
Possible Target Approx. : 1328
colpalon monthly charts it has been observed that stock is currently trading at very imp support line (trendline from 2009 to 2017 feb), as its assumed any extremly bad news only can break this faboulous trend for colpal. strategy will be to accumulate this stock from 880 - 910 range for a target of 1000, sl-875.
once we goes past 1000 we will see levels of 1100 and on.
NSE:COLPAL
ColPal
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
buy call or the the stockas we can see the bullish harami pattern there and the price above 8 ema thought the stochastic in not overbought in oversold area but this could be the best trade setup
COLGATE-PALM - Is this the sign of Triple Bottom @ 880-885Its been observed on daily chart that Colgate Palmolive is getting strong support at 880-885 levels.
In recent past, it touched this area three times and bounce back.
For coming days, this can be watch.
Strategy: 1. Buy above 902 levels with SL of 880 for TP of 925. Risk Reward 1:1, OR
2. SELL Below 880 for 860 levels with SL of 900.
*Charts are published for learning purpose*
EWA & PA Analysis of ColPalColpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave.
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r short below Monthly TL with lower swing high as SL (conservative)
Trade idea: selling 940/960 CE should be good idea to get a income with sl at 956 spot
Colpal Short Setup!!Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels.
Happy Trading!!
