CPLPAL FORMING FLAG PATTERN ON DAILY CHARTS,WHICH IS KIND OF BEARISH, AND MY IDEA IS THAT IT MAY BREAK IT FOR LOWER SIDE AND TOUCH RESPECTIVE LEVELS...
Please follow the charts...
My view : Bullish...
Based on the fib i drew line...
Please play accordingly as per nifty movement...
Do your own analysis....
NSE:COLPAL
My Analysis is based on Astrological sign we need to see the level of 1359 to take either Buy Or sell and the prevailing market condition when the level is hit.
The Target on Buy Side from 1359 are 1370, 1382 & 1395 with Sl of 1349
The Target on Sell Side from 1359 are 1349, 1330, 1320 with sl of 1370.
Take trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
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Colgate near trend line supply zone...let's see which move come next week but one thing confirm either breakout or rejection my follower will earn money in dis stock
so stay tuned guys for more chart and trade setup
Colgate-Palmolive (India) Ltd. has corrected after a sharp rally, presently below MID-BOLLINGER - 1396.
The stock has price strong support at 1345-65 Zone.
Below that at 61.8% pullback of the last rise around 1250-57.
if price action shows support in either zone, it may stage a smart bounce.
