My view on ColpalColpal forming double bottom.Above 1623 it should give breakout.Looking target 1640-1650-1670++ in very short.Keeping on radar Colpal 1620 CE.
COLPAL trade ideas
COLPALColpal is trading above last week's high of 1616 with very good volumes & also trading above 50% fib retracement of 1564 on weekly basis.
Could be bought with mentioned stoploss & targets.
Colgate Palmolive BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
colpal looking good for 15-20% move..holding time near 6 Monthscolpal looking good for 15-20% move..holding time near to 3-6 months.. (EMA USED 200EMA ) (WEEKLY CHART)
colColpal broke out of triangle pattern on hourly charts with decent volumes.
Could be bought with mentioned stoploss & targets.
COLPAL MONTHLY Bullish Bat
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
colCOLPAL is trading in 100-120 points range from past couple of weeks.
Right now its trading near its lower end of trading range,
Could be bought with stoploss below 1375 with target 1490 positionally if global markets & our markets starts recovering.
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coalgateDisclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
COLPALColpal after breaking 1417.65 confirms butterfly pattern.
Could be bought with mentioned stoploss & targets.
COLPAL POSITIONAL TRADE.1 . Good for positional trade
2 . Wait for MACD Weekly crosover
3 . All targets possible .
4. Correction over.
FOR EDUCATIONAL PURPOSE ONLY.
COLPALColpal took support at its 50% fibonacci retracement level & reversed.
Could be bought with mentioned stoploss & targets open intraday
COLPALColgate broke out of descending channel on 30 mins chart.
Could b bought with mentioned sloss & tgts.
Colpal looking bullishColpal has given a good Breakout . Wait for retest or enter if it's breaks today's high.
Target mentioned in chart.
COLGATE PAL seems bearish1. broken trendlien
2. daily continues red candles
3. RSI trending below 40 which is bearish sign
4. last support on daily swing low after that may slip further
COLPAL READY FOR UPMOVEcolpal has completed bullish bat formation and is ready for a upmove to 1580!
COLPALNSE:COLPAL
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