COLPAL - 30MINS ANALYSIS

COLGATE-PALM (IND) #COLPAL

- FORMED A TRIANGLE PATTERN
- TOOK SUPPORT FROM 400EMA ON 30MINS CHART.

INDICATORS:
RSI IS AT 60-LEVEL AND IS BULLISH
TT2 TREND IS BEARISH IS 30MINS & BULLISH IN DAILY TF.
CVD HAS TURNED POSITIVE

COMMENTS:
1. BUY ABOVE 1405
SL 100EMA
TGTS 1418/1425/1434

2. SELL BELOW 400EMA
SL 1395
TGTS 1361/1350

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.