BULLISH on COLPALNSE: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 view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
COLPAL trade ideas
colgate analysisCOLGATE-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 not.
Conclusion: Once Ascending triangle breakout (Daily) then we can enter with a small qty & once the monthly symmetric triangle pattern is taken out then we add more.
Colgate - Next MoveColgate 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 calculating profits.
All the best.
Bullish pennant pattern breakout in COLPAL.COLPAL stock as seen in today's trading session was trading in bullish pennant pattern from last few days. It has given breakout inn today's trading session. So we can take a breakout entry above 1652+ and place their long target at 1765+ with a stoploss at 1626-.
KEEP SMILING WITH COLGATEColpal is looking very bullish and strong weekly chart it is looking a strong up move reversals in it giving a breakout on falling resistance trendline and gives a strong breakout on Bollinger bands too so we can see a good upward rally in this strong fundamental giant.
Cause of long-:
1- Falling resistance trendline breakout.
2- Bollinger bands breakout.
Target 1 and 2 achieved in Colagte | 5.5% MoverThis idea is a follow-up to Colgate.
You can check the Link to Related Ideas ( Detailed analysis done in 22nd Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
COLPAL LongBullish view for the counter
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
COLPAL Daily Chart analysis by 3 Parameter StrategyTrade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
The signal candle gives a breakout of the upper band of the signal candle.
Rsi is above 60.
Bullish crossover on Macd.
Conclusion:
Bullish
Symmetrical triangle breakout in ColgateChart -> Colgate Daily
Colgate has given a symmetrical triangle breakout with a good volume pop-up.
CMP: 1630
Targets: 1700, 1780
SL: Daily closing below 1550
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
COLPALNSE:COLPAL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!