COLPAL trade ideas
COLPA Buy abv 1220 Chart is consolidating well in last few months
There is definately money moving into FMCG defensives.
Several times it has taken supp near 1120 regions
Rst zone has been 1200-1220 region
One can either trade this range or
await brkout abv 1220 for a likely large move towards 1300 mark
Colpal short below 1120 once it starts trading below 1120.Tgt could be 1100 and more. Daily & weekly RSI both below 40.
Colpal#Colpal may post inline result as per chart and now stock trading at important support levels if stock break 1,180 level we can see upside toward 1,200-1,220 level and if stock break 1,135 level we can see downside toward 1,110-1,090 levels.
Colgate PalmolivePrice is testing its channel support line with the RSI also around the Oversold level. Good entry point technically, but confirmation signs from the bulls are yet to be seen! An entry with a reduced position size possible at this juncture since confirmation is yet to be given for a BUY. Next demand level seen around 1025!
Colgate Palmolive may hit 1285 in a couple of daysColgate Palmolive (CMP-1314-1315) seems to be primed for a move towards 1285 & possibly 1250 over next couple of days as long as 1324 holds. Wait for break of 1310 before initiating any trades. All ideas shared for educational purposes only.
Colgate PalmoliveMore than one parameter showing resistance at current prices, so the stock should see a fall from here to atleast 1080 or even lower.
Colgate Palmolive - A real technical bullish gem.Weekly Chart
CMP 1257
Expected target 1260 + (1200-800) = 1660 plus
Stop : Trail 30 weeks ema, currently at 1080.
1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes.
2) Relative Strength with respect to broader index indicates serious money flowing into the stock.
3) RSI has been in the bullish zone (> 50) and has been entering into the overbought zone more frequently, meaning, buying happening at all retracements.
COLPALWhen a well-defined support is held over a considerably long period of time, bulls gather momentum taking price northward. May the marker conditions be favourable. Good investment scrip.
colgate looks weak i hold a bearish view on colgate and feel that it should come to even 1040 50 levels ...??lets c
