Colpal Wolfe WaveColpal has bullish wolfe wave on daily timeframe. 1540-1545 is resistance zone. Targets on chart...
COLPAL trade ideas
TRIANGLE PATTERN BREAKOUTALL LEVEL MENTIONED ON CHART
ONLY PROMBLEM IS RSI SHOWING NEGATIVE DIVERGENCE
AND REST ALL THE THING IS PERFECT, READY TO BREAK ALL TIME HIGH
forming triangle price is on verge of breakout of structure , we have seen bear entry once in 9 session with low spread and low volumes, volumes are not coming . but candles are forming lower wicks (shows rejection of sellers) keep on track for long if breaks with volume or short.
Patience = ProfitsHolding this in drawdown like a rock!
Waiting for a strong candle to close above 1660
If it breaks above then I will add more and also trail my SL.
Weekly candle close above 1660 is very important to continue bullish move. If candle close above 1660 then I will review situation and then take further decision.
Colpal falling wedgeSitting in positive channel been falling for few days below channel and forming falling wedge.
There is.a doji on daily chart and thisnmay be the point of reversal.
Sl for long position will be support near 1490
Suggested no trade till budget
If going long maintain stop loss.
COLPAL - Breakdown from channel + Bear Flag + Triple TopThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Traders can take advantage of this analysis in intraday trades as well.
Entry can be made below the low of Doji candle formed at the end of the day or small pullback and the rejection candle.
SL can be placed above the high of third Top (out of triple top formed). Targets are shown in the image itself.
Logic for the trade is also explained in the image itself.
This analysis is purely for education purpose. Traders must do their own study before entering into any trade. They must trade with their own money & risk management. .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Colpal - Intraday Trade SetupColpal CMP - 1583.40
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 1588 / Stop Loss 1579
Target 1 - 1595
Target 2 - 1560
Target 3 – 1609
Disclaimer: This is my view and for educational purpose only.
COLPAL the cup and handle pattern in noticed the COLPAL, it has good fundamental to break the 52 week high resistance level
Colpal - Intraday Trade SetupColpal CMP - 1600.20
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 1600 / Stop Loss 1611
Target 1 - 1592
Target 2 - 1585
Target 3 - 1580
Disclaimer: This is my view and for educational purpose only.
ASCENDING TRINAGLE PATTERNAscneding triangle pattern in Colgate Palmolive. the stock has shown breakout is ready for bullish move
COLPAL 1HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
