COLPAL trade ideas
COLPAL - Continuous Breakout - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
Check the The chart of NESTLE as well (one of its peers)
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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cup and handlea cup of 160 days and handle pattern can be seen which has a breakout is the last trading session. if it sustains then an upside move of 14% can be seenDisclaimer.
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My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Colgate Palm rectangle breakout Short Term TradePreviously it had given a trendline breakout and since then there has been a bullish momentum in this stock
On 2 hrly chart , a rectangular consolidation was formed
and now there is a breakout with good volume
ATR is rising since the breakout
Target and SL are marked on the chart