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 trade ideas
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.
COLPAL - 1D about to give BreakoutSelf explanatory
At a very crucial level. Volume also coming in.
if it breaks the resistance it would reach new all-time highs.
Wait for confirmations.
Personal Bias - short.
Colpal Buy with sl 1470 Targets are 1575,1590,1600colpal broken recent support and in a parallel channel.ma 20,50 cross over happened in 1h. You can us Psar as trailing sl and targets are 1575,1590,1600
do own research before take trade.good luck all.
Colpal :: Near to Support LevelsColpal is at a very good support levels, wait for price action and see if there is any daily close above 1528 levels.. Good stock for a swing trade
Note: Analysis for Educational purpose only
Colpal - Consolidating for an up moveColpal is consolidating from past few days on the lower end of trading range with decent volumes in past one week. It looks good for an upside abv 1515. SL can be put on the lower range of box.
Colpal Wolfe WaveColpal has bullish wolfe wave on daily timeframe. 1540-1545 is resistance zone. Targets on chart...
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.
