Triangle consolidation plus indicators turning bullish on weekly charts
Breakout above 1630-35 levels
Target 1645 - 1670 - 1740 - 1800
SL - a weekly closing below 50 EMA (short risk) or breakdown of the lower trendline
On short side, levels of 1390-1355-1290
bounce from bottom of channel and 200Ma is a sure indication that colgate has a good risk reward.
10% reliable upside in 2- 3 months can be considered.
SL 1420
Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023
The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards
They say Buy Strength and Sell Weakness
Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
Hii All,
Colgate has given a good breakout.
Next Easy targets could be
1. 1654
2. 1680
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and...
Colgate Palmolive doing consolidation in a parallel channel so after a break of this channel and close above on that on daily candle basis we will get a breakout and can go long for the target of 1512 and 1540
Trend line breakout on COLPAL at daily time frame, we can accumulate at current price SL @ 1500 on a closing basis TGT1 : 1535,TGT2 : 1555
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
COLPAL seems to be breaking out of a neat triangle. On the plus side stock hasn't done much for past 3 years. So perhaps we're in for a pent-up up move.
This is simple Monthly Chart of COLGATE PALMOLIVE (COLPAL) and it is respecting the trendline and the resistance line, thus in a UPTREND CHANNEL since 2009.
Long term trend always prevails in the market, Even if someone is stuck in a stock at wrong time but if its longer trend is in uptrend there are high chances that it will recover some day.
High time frame...
Colpal is trading with high volume and seems to be coming out of consolidation.
The stock has been trading above its 20-day and 50-day moving averages, which could suggest that there is some buying momentum in the stock. Additionally, the Relative Strength Index (RSI) is currently above 50, which could indicate that the stock is in a bullish phase.
Potential...
COLPAL cmp. 1463.05 Buy with stoploss 1450 and targets are 1480-1515+.
Buying Reason.
1. --> Price create a triangle Pattern.
2. --> Price is stay above all EMA.
3. --> RSI is just cross the 60 Level.
4. --> ADX is showing bullish move.
5. --> Bolume is ready to Bull Move.
