Colpal near it's support zone and expecting a bounce towards white marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
COLPAL on Breakout and with good volume . BUY above 1665 tomorrow (Monday 12th December) for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage : The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High...
*If today closing done above counter trendline, one should enter at end of the day.
*Target -1680
* SL - low of the green candle
* FMCG sector is shining .
* Nifty FMCG at vege of breakout of all time high
Colpal is following a support and resistance from two trend lines respectively as marked. Now colpal is at the good support point which coincides with a demand zone. Entry, SL and target are marked on the chart which can easily give us 1:2 RR and if someone wants conservative entry they can buy at 1562.
This right time to enter long short trade in colpal . Structural of colpal very clear that confirm future. Try with stoploss .
Critical stoploss point : 1640. Short trade Target : 1300 .
This post Educational purposes only
COLPAL took support from daily level and in 15 min it has made falling wedge pattern by trapping the bears at low level. Wait and watch how they stopped out and then sharp upside move is possible. Thank you !
daily chart indicates change in trend and is going downwards. RSI indicates weakness and broken previous swing low .Price action on daily chart closed below 20 SMA for last 3 trading sessions with big bearish candle closing below previous low. Immediate target is 1550.
mest capital indicator has generated an alert of going long in equity for COLPAL
Timeframe: weekly
Entry : High price of candel
Stoploss: Low price of candel
Happy trading 🙏
NSE:COLPAL
The prices have given breakout from the Triangle pattern. The prices are trading above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. There is also good volume during breakout. This view is for 1 to 6 months. The Targets and SL are given on the charts.
Disclaimer : This is my own...
COLGATE-PALM ANALYSIS
Time Frame Analysis:
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Monthly: If the Previous low (1547.05) is taken out then we can yes Downtrend begins.
Weekly: Downtrend
Daily: Downtrend
Pattern:
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Monthly: Symmeterric Pattern.
Daily: Ascending Pattern.
Price & Volume relation:
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Volume is supporting on Daily, Weekly & but on Monthly...
Colgate is trading at a crucial level. Levels are mentioned on the charts. Sustaining below 1685 may take the stock to the levels of 1625-1600. Or sustaining above 1685 levels, will give a breakout for the target of 1740.
Only for learning and sharing purposes, not a piece of trading advice.
Always calculate your risk before entering a trade, rather than...
