COLGATE-PALM INDIA: UPWARD TRENDBSE:COLG1! shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 1663.55
Target 2: 1726.00
Stop Loss: 1546.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis. BSE:COLG1!
COLPAL trade ideas
Simple Trade Setup | COLPAL | 11-04-2022 [INTRADAY]NSE:COLPAL
Observations:
1) On 15min time frame, we can see it in support channel as well as near the 1550-1560 support zone. If it sustain above it and takes support from it then we can see a pull back on up side but breakdown of both can lead more selling in it.
Please refer below chart : 15min time frame.
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Trade Setup for 11-04-2022
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.
Simple Trade Setup | COLPAL | 04-04-2022 [INTRADAY]NSE:COLPAL
Observations:
1) On 1 day time frame it has formed rounding bottom pattern.
Please refer below chart : 1day time frame.
Sustainable breakout of 1560 will be buy entry.
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Trade Setup for 04-04-2022
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.
#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.
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.