COLPAL Ready to Blast 5257 to 7601 long term investment ideaCOLPAL Monthly counts showing real good setup as per monthly counts as we can see in our chart showed to you
next grand cycle suggests its good time as buy setup formation running now
if sustain current levels on monthly basis that can ensure that counts are correct
Elliot wave theory consist multiple forecasts depends upon price action on various time degree levels
our counts may be wrong
please do your own analysis before you enter into any sort of trading
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Colpalintraday
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.