ColgateThe stock has finally broken out of a 2 year Cup and Handle after 2 failed attempts on a convincing basis, keeping a Stop Loss of 1029 on closing basis can do Targets of 1099/ 1220 in the medium term
COLPAL trade ideas
COLPAL : SHEDDING WEAK HANDS BEFORE AN UPMOVE..?COLPAL looks ready to break out of the trading range. Afterall it is the one stock that will benefit most after implementation of GST.
It has not moved in proportion to HUL (HINDUNILVR).
But then why the last candle is red..?
In my opinion, Investors always want short term traders or rather retail Traders as such to be out with their weak hands before a upmove.
The Derivatives data shows 5.66% increase in OI. Delivery position is 69.9 % & the Highest Call OI is placed at ( guess what ) 1100 Calls. The MACD is signalling a BULLISH CROSSOVER. This kind of rings bell...
Low Risk / High Return Trade in the offing...? Maybe... Let the markets tell us...
Trade : BUY, SL - 1020 TGT - 1100.
COLPAL - LongLong Colpal for a target of 1100. Stop below 965 on closing basis.
Indicators are positive.
Colgate beautiful Diamond pattern The stock has nicely formed Diamond pattern so one can put the stock in their watch list and trade accordingly. Good Luck
Colgate Palmolive - Weekly Resistance on uptrend channelIts been observed that COLPAL is facing resistance on weekly uptrend channel which got breached in between and then come back. We can see selling pressure in coming days.
TP: 930
SL: 1070 On closing basis.
Note: Charts are published for educational/learning purpose and used for trading will be self decision.
Head & Shoulder Reversal BreakoutThe stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
COLPAL: Loosing Ground, formed BEARISH Gartley in Wly & DlyIn Weekly Chart (Shown here) Point B = 0.788 XA .
Point C = 0.762 AB & so on....
In Daily Chart same Happened.
Can See By Changing the Interval to 1D.
Also Many of the Lead indicators & Oscillators Shows -VE Divergence.
Colpal In Red Due To PatanjaliOutlook :
After posting a 52-week high of 1049, on 04th May 2017, stock witnessed profit booking in the last trading session, resulting into a “Bearish Engulfing” candlestick pattern, erasing all previous day’s gains. This pattern is formed generally at the end of an uptrend, or near a potential resistance and is a reliable reversal pattern
Moreover, we also observed “Bearish Divergence” where prices continue to form higher highs while oscillator (in this case an RSI) is forming significantly lower highs (indicating weakness in the trend.)
Technical indicators are currently giving negative signals as the stock trades below the short term (21 day EMA). Slow stochastic is in overbought range with a value of 80.07, Macd is marginally weak.
Stock posted a weak close for the week, below its monthly pivot levels, which suggest a push downward to the next support levels.
Combining the above technical evidences, we expect further downside for the stock prices and therefore recommend to sell this stock at (price range of 1020-1010 with an downside price target of 953-926. Strict stop loss should be placed at 1063 above which the bearish view will
be voided.
Scallops Ascending and Inverted. Average rise is 43%colpal chart has formed scallops ascending and inverted, average rise for this pattern is 43%
Also since last few days higher delivery percentage of quantity, also stock is near its 52week high.
Colgate (Colpal) : Weekly.Triangle breakout on Weekly chart may suggest further strength and good upside can be seen in short to mid term.
Possible Target Approx. : 1328
colpalon monthly charts it has been observed that stock is currently trading at very imp support line (trendline from 2009 to 2017 feb), as its assumed any extremly bad news only can break this faboulous trend for colpal. strategy will be to accumulate this stock from 880 - 910 range for a target of 1000, sl-875.
once we goes past 1000 we will see levels of 1100 and on.
NSE:COLPAL
ColPal
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
buy call or the the stockas we can see the bullish harami pattern there and the price above 8 ema thought the stochastic in not overbought in oversold area but this could be the best trade setup
COLGATE-PALM - Is this the sign of Triple Bottom @ 880-885Its been observed on daily chart that Colgate Palmolive is getting strong support at 880-885 levels.
In recent past, it touched this area three times and bounce back.
For coming days, this can be watch.
Strategy: 1. Buy above 902 levels with SL of 880 for TP of 925. Risk Reward 1:1, OR
2. SELL Below 880 for 860 levels with SL of 900.
*Charts are published for learning purpose*
EWA & PA Analysis of ColPalColpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave.
Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt.
SL above 1033 longer term
shorterm players should wait for a retracement r short below Monthly TL with lower swing high as SL (conservative)
Trade idea: selling 940/960 CE should be good idea to get a income with sl at 956 spot
Colpal Short Setup!!Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels.
Happy Trading!!
