I'm watching Colgate for a potential long entry. Here's the plan: Entry Zone: 3548.8 Entry Price: Will take the entry only if a 15-minute candle breaks above 3548.8 . The high of that 15-minute candle will be my entry price. Target: 3716 Stop Loss: 3465 (Stop loss will trigger only if a daily candle closes below this level) If the entry gets...
COLGATE breaking out of ascending triangle & consolidation range break on an hourly/daily charts with decent OI build up suggesting long build up. Risk:Reward 1:2.5 Not to b miss breakout. Could be bought iwth mentioned stoploss & target.
A very good breakout from the 1560-1580 levels. Since the breakout was a large candle, dont expect a major move today. Since 1600 being a round level, if it penetrates that level, then the stock can see a good upside. The stock might hover around in that area(1600 levels) for some time. Since the 1620 level has been tested couple of times with massive pull backs,...