Colpal cash covered wheel #1Bullish view on Colpal. These are my personal trades that I'm putting here for tracking and educational purposes.
COLPAL trade ideas
COLPAL- Colgate-Palmolive (India) LtdCOLPAL Seems strong weekly closing & also stock is good for fundamentally strong . (use for swing trading & ADD on protfolio).
Bullish viewColgate gives bullish crossover, near in its support zone and gives positive breakout on chart patterns
It can be buy with stoploss of 1400 and target of 1650, 1750, 1800 and 1900
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #IntradayCOLGATE
Range breakout in stock can be a good bet if enter above 1500 levels for targets of 1510 to 1550
With SL of 1450, or check 5min chart for support levels.
In case of Gapup then avoid setup.
Note:-
Above levels for education purposes only.
Do your own analysis before taking your trade.
Intraday Trade: range breakout done
buy above 1500 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Go LongColgate Palmolive consolidates well in the past few weeks and looks like base formation. One may take risk in the stocks for around 15% upside. As this is FMCG stock, it will move slowly relative to other sectors.
R:R - 2: 3 ATR
COLPAL weekly swing tradeCOLPAL has been consolidating since a long time in narrow range even during this war time it has not reacted much
Now 200 MA on weekly time frame have approached the price and is taking support at same support
historically it has always taken support if 200 MA on weekly and reacted to it
Also RSI is showing strength and crossed above 40 in weekly
Probably a long trade due to confluence
Colgate-Palmolive near MONTHLY TRENDLINE- BUYING SETUP
Colgate-Palmolive (India) -
1. Has been following up trend line since 2009 as visible in the chart.
2. Expected to follow the trend line.
3. Entry - for long term some part can be added at current levels. Major buying can be done when price breaks the trend line in DAILY time frame but reverses and closes above it. Entry on high break of this candle.
Colpal Short trade trade setup Educational purpose only :
Colpal coming weeks makes new low
Herein Colpal in wave (4) position.Runing Triangle has formed here .now it's already completed wave ABCD-E is going on... after forming extreme wave (5) . .A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlap ping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not.
There are three varieties of triangles: contracting, barrier and expanding, as illustrated . Elliott contended that the horizontal line of a barrier triangle could occur on either side of the triangle, but such is not the case; it always occurs on the side that the next wave will exceed. Elliott's terms, "ascend ing" and "descending," are nevertheless useful shorthand in communicating whether the barrier triangle occurs in a bull or bear market, respectively.
depicts contracting and barrier triangles as tak ing place entirely within the area of preceding price action, which may be termed a regular triangle. Yet, it is extremely common for wave B of a contracting triangle to exceed the start of wave A in what may be termed a running triangle, Despite their sideways appearance, all triangles, includ ing running triangles, effect a net retracement of the preceding wave at wave E's end.
Breakout in COLPALPossibility of Breakout in COLPAL. Initial targets can be 1555 and 1700.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
COLPAL on a weekly/Monthly supportA fundamentally very strong monopoly stock is trading at 20% discount right now and is at weekly support. If anyone is looking to invest for the long term, do buy this on all dips.
MeanRevert🟢 #Colpal notices a #BullishCrossover on daily charts. RSI > 50
🟢 RST- SAR system has given bullish reversal signal on D & 2D
🔵 Buy above 1470 for a TGT of 1496/1575/1634. SL = 1427 HCB
Colgate on support!Fundamentally good stock
market is volatile so its better if we stick with good companies
target can be achieved in next 6 months for 30% gain.
Bullish on colpal for swingersColpal is on good trendline support
When nifty and cnx fmcg goes up this stock will be bullish
It cleans your breath, teeth & .....please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
COLPAL Weekly AnalysisColgate Palmolive (COLPAL) has been trading in a 7-year long parallel channel and is now at the base of the channel. The stock is also trading near its 200 week moving average (green) for the last few weeks. The stock has never fallen below this 200WMA support in its life. As an example, during the Mar'2020 fall, the stock took support at 200WMA and bounced from there. Further, this time around the stock has bounced for second time this week at this 200WMA support.
We can expect this support to hold and build a long position here. A successful reversal may take the stock all the way back to its 1640 resistance zone (highlighted) and possibly beyond. Stop loss below 1375 low.
Simple Trade Setup | COLPAL | 04-02-2022 [INTRADAY]NSE:COLPAL
Observations:
1) On 1 day time frame, it made rounding bottom pattern. Resistance range is 1480-85 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 04-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Coming More Weakning in coming daysBelow 1375, Go for short. Highly weak candidate. #bearroar. For more high accuracy intraday/BTST tip. call 9377428204
COLPALPOSITIONAL CALL
COLPAL
CMP@1410
Buy @ CMP & use every dip to accumulate
TARGET For 1467, 1533+
Positional Target 1657 & 1755++
Closing basis SL@ 1272
#COLPAL #BSE #NSE #BUYCOLPAL
#INVESTWISELY_1111
