Three White Soldiers | Educational | Colpal The Three White Soldiers candlestick pattern is commonly used in technical analysis.
The pattern identifies potential bullish reversals in a downtrend or a period of consolidation. Traders often use the pattern and other technical analysis tools, such as support and resistance levels, trend lines, and volume indicators, to confirm the trend’s strength and potential entry and exit points.
The Three White Soldiers pattern can be used on various time frames, from short-term intraday charts to longer-term weekly or monthly charts, depending on the trading strategy and goals.
Disclaimer: This is for educational purpose. Definition and details can be found on any other search engine / books/ articles etc.
COLPAL trade ideas
Colgate Palmolive Colpal On Weekly Demand Zone New Study For Paper Colgate Palmolive Ltd
Buying Zone
2700 50% Qty
2650 Add More 25% qty
2625 Add More 25% qty
StopLoss : 2600
Target : 2960-70, 3200-3400,3800 (Long)
Study Logic
👉 Weekly Demand Zone
#Marker Sentiment Is Weak So Risky Study
Only For Paper Trade And Education Purpose Don't Real Trade
I am not sebi Registered Person Post is only for Paper Trade, Practice And Education purpose i am not responsible for any profit and loss.
COLPAL nearing short support levelsCOLPAL has been continuously falling from quite some time.
It is close to the support levels of 50 percent Fibonacci levels from where the run up started. The 50% levels comes around 2665 which would be a support in this fall.
Currently it is placed at a position where it may bounce from those levels for short term with atleast 9-10 pct move. Levels of resistance from those levels are at 2789-2962
If doesn't sustain, the next level to watch would be the 38% levels.
No recommendations, just my view based on chart pattern.
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider:
Identifying a Range
Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance.
Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market.
Types of Breakouts
Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend.
Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend.
Confirming the Breakout
Volume: A breakout accompanied by high trading volume is more likely to be genuine.
Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point.
Trading Strategies
Entry Point: Enter the trade when the price breaks out of the range with significant volume.
Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout.
Target: Set a target based on the height of the range added to the breakout point.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : On result day trail your SL at 15Min Time Frame
KISS - More than 120% return!! COLPALKISS - Keep It Simple Stupid
COLPAL buy shared on march 4 2022, price was around 1500, since then price has given
MORE THAN 120% RETURN.
Check the investment idea shared earlier -
Below are steps of a simple Trendline strategy-
1. Filter -
a. Stock price less than 5000.
b. Should be liquid(good volume).
2. Time frame - Weekly
3. Find trend of the stock - should be in Up Trend.
4. Check if its following a trendline. Should be at least an year long, longer the better.
5. Check market sentiment - Check trend of Nifty.
Buy if Nifty is in UP or sideways trend. Do not buy if Nifty is in downtrend.
6. BUY - on test of trendline.
Follow strategies that make money even if they seem to be very simple. We are here to make money not to do phd in complex strategies.
Broadening Wedge pattern breakout in COLPALCOLGATE PLAM (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2746+.
✅Can Go Long in this Stock by placing a stop loss below 2668-.
COLPAL CUP N HANDLEColgate-Palmolive Company is an American multinational consumer products company headquartered on Park Avenue in Midtown Manhattan, New York City. The company specializes in the production, distribution, and provision of household, health care, personal care, and veterinary products We do see a good breakout as cup n handle pattern.
CMP : 2870 on closes basis
SL 2760
TARGET: 2940 / 3050
Note : This is only for educational purpose
Long_ColpalCurrently this FMCG stock trading at ATH.
Go long with current market price in cash market and June_2024 Futures and current Stoploss at 2600, Exit the trade when it closes below previous market structure (CMS_2700).
Note:- Cms :- current market structure.
Only for educational purpose.
Happy Trading.