COLPAL trade ideas
COLPAL trying to breakout with enuf accumCOLPAL has made a gud accumulation and with 1400 stoploss.. it's safe to enter at 1417 for trgt1500/1555
COLGATE LOOK OUT FOR THESE LEVELS!!! COLGATE
IMPORTANT LEVEL: 1442-1444
BUY IF
1) BUY ABOVE 1433
Target: 1444/1450
SL: 1415
SELL IF:
1) Sell Near 1444
If the stock is not able to break the level.
2) Sell if the lower level 1420 is broken with volume and convection
Target: 1410/1400
The indicator used:
TE REKAB shows REVERSAL in market
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Colpal - Showing strength | See price reaction at 1430 and 1470 Thanks for coming to this update.
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Colpal has been showing strength for the past 2 days and also there is volume support in the move up, which is a good sign.
The 1430 region has acted as previous resistance and is also the Monthly high.
If it manages to get above 1430 with strength, it can show momentum up to 1465-1475 (previous swing levels) and even higher.
Wait for the level to break before going long.
Watch out for price rejections in the mentioned zones. If that happens, then we can see a good short setup.
Keep an eye on Nifty and BankNifty and trade with proper SL and risk management.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Pain + Reflection = Progress” – Ray Dalio
#ColpalDaily TF in Uptrend. W & M looks bullish. Can initiate a long position if there is a positive rejecting candle on the trend line.
RANGEBOUNDRange bound in Resistance @ 1530 and Support @ 1300
Big volume candle can confirm activity if break then long
Today Colpal has to short upto 1320Two Hump and Diamond Top Pattern made here, Breakdown happens at 1384 and shorts up to next support 1320.
COLPALNSE:COLPAL
It has shown a breakout over 29th May high, which was 1430 and has closed above it.
It can be a long with stop loss at 1424 for targets of 1445 and 1460.
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
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5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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Colgate_Long CallDate: 13 July 2020
Colgate Palmolive (CMP 1412)
Ascending Triangle Pattern Target: 1536
PCR = 0.378, indicating reversal in price
Max OI @1500 = 1.25 Lacs
Buy above 1420
Target: T1- 1460, T2- 1500, T3- 1536; SL- 1385
