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 trade ideas
COLPAL READY FOR UPMOVEcolpal has completed bullish bat formation and is ready for a upmove to 1580!
COLPALNSE:COLPAL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
COLGATE WEELY CHART Breakout retested . 1660-1680 big support , minor hurdle 1695-1700 . if cosed above and sustain then 1760/1780 next tgt . negate if close below 1620
COLPAL Range BreakoutCOLPAL has broken a big resistance recently and might give a good move in near future , For confirmation it has retested and now taking a support at 44-Day MA . COLPAL being fundamentally good stock seems to be a good opportunity for 20-25% gains over next 3 months.
COLPAL - Smart money accumulation COLPAL - Smart money accumulation
Look at this structure.
The price has been consolidating in this range whereas Aroon crossover has already taken place.
Aroon indicates a further up trend from here.
Suggestion - Enter only above 1740 daily close,
SL as red line.
Is there Long trade opportunity in COLGATE-PALM ?COLGATE had recently broke its All Time High and that previously acted as a support and now again this scrip is trading near the support zone. We may expect the same outcome from here too. This scrip is also trading near the Monthly CPR support which indicates there might be some up move from here.
So go long only if there is a strong bullish candle in support zone and Put your Stop Loss below support zone or CPR support. Do note, there might be some downfall and may even touch the trendline. So long only is there's a confirmation.
COL PAL looks bullish from here 1. coal pal reached important support
2. and making triangle can be long after breakout
3. RSI positive divergance is there
4. taken support from weekly CPR
COLPAL - Possibility of a reversalStanding on a strong demand zone.
There are good chances of a reversal from here.
The RSI has shown +ve momentum.
View negated below 1670 close.
Colgate Palmolive is moving in upward channelFor the last many weeks COLPAL is clearly in the upward channel.
COLPAL TREND ANALYSISPOSSIBILITY:- 1. TREND IS POSITIVE, BREAKOUT IS THERE ON UPPER SIDE
2. PRICE ACTION ALSO SHOWING REJECTION AT 1800 LEVEL.
3. TRADE AFTER BREAKOUT OF THIS RANGE.FALSE BREAKOUT IS ALSO POSSIBLE KEEP STOPLOSS.
4. STOCK WILL TOUCH THE SUPPORT.
