Colgate broke trend line and retest completed take position to long
Trendline Observation(s). Movement above 1541 on Hourly Chart of COLPAL. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Go for long as the stock has broken assymetrical triangle pattern followed by Price action
As you can see the stock is breaking out of a long term resistance trendline. Sustaining above 1600 can push the stock higher to new all time highs. Possible that COLPAL is the new big bull FMCG stock that benefits from India's consumer growth story.
COLAGTE COLPAL HAS BROKEN ITS CONSOLIDATIONS AND IT IS READY TO GO TO IT'S ALL TIME HIGH ,WE CAN EXPECT 20% TO 30% UPSIDE MOVE FROM CURRENT PRICE,CHARTS LOOKS SO AMAZING,BUY AND HOLD FOR LONG TERM . BUY :- CURRENT PRICE SL :- 1540 TP :- 20% TO 30% Note:-Result is Not Guaranteed , Not responsible for any kind of loss.
Formed an Ascending Triangle Pattern on the Weekly Chart MACD Crossover occurs. Wait for breakout over 1596/-. Make your decision based on further price action.
NSE:COLPAL Probable candidate for Swing trading... Safe players can enter the trade on retracement with strict SL..... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3. Learn before executing the trade.. 4. To learn more about patterns and trading... contact us.. Thanks..
IN MY PREVIOUS SHARED IDEA WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN FOR NOW IT HAS MOVED BEYOND TARGET LEVEL CMP @ 1570 +++ WHAT NOW FROM HERE ??? PERSONAL VIEW:- ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20 LOOKING @ THE CURRENT MOMENTUM THERE CAN BE...
This is only for educational purpose
THE STOCK WAS TRADING IN A RANGE FROM A LONG TIME TODAY IT GAVE A BREAKOUT OF THE RANGE THE BEST BUY WILL BE ABOVE 1580 ONLY TARGETS AND STOPLOSS ARE MENTIONED ON THE CHARTS