The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
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COLPAL looking strong on chart for 1-1.5 yr for minimum target of 1450+
following perfect channel in volatile market condition, u can take it as stable portfolio buildup.
As per analysis we expected COLPAL to breakout of channel earlier however it continued inside the channel i have included the link for the same idea below , now it seems to be another chance to up movement / channel breakout if it closes above the entry line indicated in the chart in the day candle
DISCLAIMER : All the articles posted are for analysis purpose...
COLPAL IS CURRENTLY AT A BREAKOUT STAGE AND CAN GIVE GOOD MOVEMENTS WHEN SUSTAINS ON EITHER SIDE
INTERIM RESISTANCE IS PLACED AT 1220, AND FINAL RESISTANCE AT 1240, BUYING WHEN SUSTAINS ABOVE 1211 FOR 10 MINS
INTERIM SUPPORT IS PLACED AT 1184, AND FINAL SUPPORT IS PLACED AT 1170, SELLING WHEN SUSTAINS BELOW 1200 FOR 10 MINS
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AS INFORMED EARLIER, COLPAL HAD REACHED TARGET-1 AND IS ON THE WAY TO REACH TARGET-2 AT 1211.
RESISTANCE IS EXPECTED AT THIS LEVEL.
IF THE 1211 LVL IS CROSSED, THEN 1231 WILL BE THE NEXT STOP.
Based on future candles we might know whether COLPAL is breaking out of the parallel channel it has been for many days ... if the market closes above the entry point in daily chart we can expect it to reach the target
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
AS MENTIONED IN JUNE 03RD POST, THE PRICE OF TARGETS 1 & 2 ARE ACHIEVED.
TARGET 3 REMAINS TO BE REACHED.
AS THE PRICE INCREASE IS SUPPORTED BY VOLUMES, THE PRICE SHOULD BE ABLE TO DO SO.
JUST BE CAUTIOUS, AS THE DELIVERIES ARE ONLY 10%.
Colgate Palmolive (India) Limited is engaged in the personal care and oral care business. The Company offers various personal care products, such as soaps, cosmetics and toilet preparations. The Company's oral care category of products includes toothpastes, toothbrushes, toothpowder, whitening products and mouthwash. In the toothpaste category, the Company offers products, including Colgate Total Charcoal Deep Clean Toothpaste, Colgate Active Salt Neem Toothpaste and Colgate Sensitive Pro-Relief (CSPR) Enamel Repair Toothpaste. In the toothbrush category, the Company offers the Colgate 360 degree Toothbrush range, including 360 degree Charcoal Gold, 360 degree Whole Mouth Clean, 360 degree Visible White and 360 degree Floss-Tip, and Colgate ZigZag Black Toothbrush. In the Personal Care category, the Company offers Palmolive's Foaming Hand Wash range in approximately two variants.
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COLPAL
