COLGATE-PALM (IND) #COLPAL
- FORMED A TRIANGLE PATTERN
- TOOK SUPPORT FROM 400EMA ON 30MINS CHART.
INDICATORS:
RSI IS AT 60-LEVEL AND IS BULLISH
TT2 TREND IS BEARISH IS 30MINS & BULLISH IN DAILY TF.
CVD HAS TURNED POSITIVE
COMMENTS:
1. BUY ABOVE 1405
SL 100EMA
TGTS 1418/1425/1434
2. SELL BELOW 400EMA
SL 1395
TGTS 1361/1350
KEEP AN EYE!!
NOTE - BREAKOUT HAS...
Buy If sustained above 1380 may hit the target 1411/1425/1436 sl 1333
Sell if sustained below 1320 may hit the target of 1296/1266 with sl 1359
**Educational Purpose only
COLGATE-PALM (IND) #COLPAL
- ASCENDING CHANNEL; NARR0W RANGE
- TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 1400 LEVEL.
INDICATORS:
- RSI - NEAR 50-LEVEL/NEUTRAL
- TT2 TREND TOOL - BULLISH IN 30MINS AND DAILY
- CVD - POSITIVE/BUYERS ARE STRONG
CONCLUSION:
1. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 1402
SUPPORT - 200EMA
TARGET - 1425/1445
2. IF CHANNEL IS BROKEN...
Colagate Palmolive has broken below from a descending triangle Pattern on 15 mins time frame.
Initiate Sell.
Target 1 : 1370
Target 2 : 1360
Stop Loss : 1410
On all TFs Colpal share is on bullish mode & trading above the 50 EMA Level. Daily BO has been done & today we have seen the selling pressure at the level of 1425 & stock taken the pull back. So now long entry can be taken above the level of 1412 till the weekly Resist area between 1440 to 1445 as marked on the charts. Once this level crossed than shortly we can...
COLPAL has broken from 3 week long trend line and closed just above it making it strong candidate for early morning trade.
Long can be done above 1362 & 1368 (safe trader).
Possible targets are 1384, 1394 & 1400
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on...
COLGATE-PALM
COLPAL gave a breakout from the symmetrical triangle pattern in an hourly chart.
RSI is moving upwards after taking support from 50 -level, hence BULLSIH.
TE TIME TREND TOOL IS BULLISH.
If the prices break 1372 level, the prices might move to the next resistance level 1395 & 1405.
The support on the lower side is 1325 on the Hourly Chart.
KEEP AN...
Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Early entry: 1350
SL: 1455
Target: 1320
RR: 3.5
Thank you. Happy Trading!!!
Best...
