COLGATE Swing Long SetupI'm watching Colgate for a potential long entry.
Here's the plan:
Entry Zone: 3548.8
Entry Price: Will take the entry only if a 15-minute candle breaks above 3548.8 . The high of that 15-minute candle will be my entry price.
Target: 3716
Stop Loss: 3465 (Stop loss will trigger only if a daily candle closes below this level)
If the entry gets confirmed, I'll aim for the target of 3716 . The stop loss is set at 3465 , but I’ll only exit if the daily close falls below that level. Until then, the setup stays active.
Disclaimer: This is for educational purposes only and not financial advice. Make sure to manage your risk and trade responsibly.
COLPAL
COLGATE! Time to shine??- Colgate gave a good breakout which was met by a long upper wick candle showing the presence of sellers at the crucial resistance zone.
- The price is now trying to break it. The structure does look good but given the volatility just after the breakout, it will be wise to wait for a break and sustenance of the price above the zone.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
Keep An Eye - COLPAL📊 Script: COLPAL
📊 Sector: FMCG
📊 Industry: Personal Care - Multinational
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Stock is under Consolidation Zone highlighted into chart breakout is above 2624 level.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade only above 2624.
BUY ONLY ABOVE 2624
⏱️ C.M.P 📑💰- 2606
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
COLPALNSE:COLPAL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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
COLPALNSE:COLPAL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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
COLPAL- Weekly/Monthly Timeframe-Channel BreakoutNSE:COLPAL
COLPAL is looking bullish in weekly/monthly time frame. Last month there was a rejection from the top. However, it did not receive follow up for bearish momentum. Instead, stock has took support on last month’s closing levels 1590-1600.
This is the good opportunity to go long if monthly/weekly candle closes near 1700-1710.
We may see a big upside momentum in upcoming months.
SL: 1580-1585.
This idea is only for educational purpose, please manage your risk accordingly.
COLPAL
NSE:COLPAL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
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!
Colgate-Palm Trade setup for 23-August-2022A very good breakout from the 1560-1580 levels.
Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time.
Since the 1620 level has been tested couple of times with massive pull backs, this time one of the following could happen:
1. the pull back should be small(from 1620 to 1600) and then it could get past 1630.
2. there is no pull back.
COLPAL looks goodCOLPAL had given a trendline breakout earlier and is currently consolidating in a range of 1540-1600. A breakout from here can give targets of recent swing high of 1670 and next target of around 1730.
FMCG sector is outperforming the market and hence one can be bullish on this stock.