Short term - Colpal a candidate for go longA strong close above 1470-80 levels may take it to the nearest resistance.
COLPAL trade ideas
Trend line support and DragonFly DojiStrong trendline support
Each time it came near trendline it took to support, formed a Dragonfly Doji candle, and then reversal happened.
Points to consider
1. Strong trendline support
2. Dragonfly Doji
3. 50 SMA support
4. Price rejection near the trendline.
5. Limited risk
Buy Above sustaining of previous day high.
Target 1455/1480
Wait for the confirmation, use TSL, and wait for the targets.
(Only an Educational view)
COLPAL TRADING SETUPA good breakout after good consolidation with increase in volumes makes it a decent stock for long.
entry-1430
sl-1410
target-1480
COLPAL forms Bullish Price ChannelPrice will take support and start to reverse as COLPAL forms Bullish Price Channel .
Disclaimer: Analysis in charts are only for educational and information purpose only. Invest or Trade at your own risk management.
One Right Trade's Swing Trade Idea #55 : Buy on COLPALPlease do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade is only for study purpose and is not a trading call.
COLPAL AKA COLGATE SHORT LEVEL FOR 11/08Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction. Also leave the trade if it does not triggered in first 2hr as this is momentum based trade
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
COLPAL is looking goodHanging man yesterday and a good green spike today, looks like stock is ready to go up.
COLPAL : ADVANCE VIEW BUY/SELLCMP 1444
BUY SIDE VIEW :
THE STOCK CAN MOVE UPWARDS FROM HERE
TARGETS 1459/1474/1498/1532
HOWEVER THE STOCK WILL FACE STIFF RESISTANCE AT 1498 LEVELS & CAN REVERSE ALSO
SL 1383
SELL SIDE VIEW :
POSITIONALLY SELL IN RANGE 1533 TO 1540
KEEPING SL AS 1570
TARGETS 1498/1472/1444/1414/1400/1373/1350
Colpal to trade between 1391 and 1455COLPAL is an upwards trending stock.
It is struggling to breakthrough its weekly resistance ranging from 1440-1455.
It has though formed and Inverse HandS pattern thus an up move can be expected from current level as we see quite a number of downward rejections by the stock.
Trading strategy:-
Intraday traders: Enter the buy positions at 1425, 1420, 1415 with target of 1455 (Enter after market stabilizes).
Enter after market stabilizes. The idea is a bit risky. Keep following for trade affirmation.
Colgate palmolive on ResistanceOnly gives a buying opportunity if Breaks resistance an reaches @ 1454
Or else might expirence a downside momentum!
COLPAL Trade Setup Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Some opportunity in place for F&O fanboys & girlsAs seen above i have clearly marked the two support lines one for people who want to keep strict sl and 2nd one for risk taking people . The stock given decent volumes but good delivery after AGM has cooled off the volatility. Immediate resistance can be seen as 1404 which is closer to 200sma that is 1404-1405 levels, which wont be easy to break post which we can see 1450 levels.
Disclaimer : This is not a trade recommendation but just my analysis based on technical analysis. Kindly do your analysis before taking position in the stock
COLPAL - Intraday Trading Setup for 27 July 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
Colgate predictionAs seen from the tend, the major trend is on the upside and 0.618 retracement level was tested once. The top should now move to target of 1460 with a SL of 1360.
A possbile short term uptrend in Colgate PalmoliveAfter forming an ascending wedge pattern for 2 months, the stock seems to break downwards. But if we closely observe the 1 min chart of past 4 days which forms a descending channel pattern, the last day seems to come out of the channel and form a hammer. This could mean a pull back from the break down and possible short term uptrend. Alternately the overall one day pattern can also be seen as ascending channel and a possible breakdown at later point of time.
