COLGATE-PALM (IND) - ASCENDING CHANNEL; NARR0W RANGE

COLGATE-PALM (IND) #COLPAL

- ASCENDING CHANNEL; NARR0W RANGE
- TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 1400 LEVEL.

INDICATORS:
- RSI - NEAR 50-LEVEL/NEUTRAL
- TT2 TREND TOOL - BULLISH IN 30MINS AND DAILY
- CVD - POSITIVE/BUYERS ARE STRONG

CONCLUSION:
1. IF UPPER CHANNEL IS BROKEN
BUY ABOVE 1402
SUPPORT - 200EMA
TARGET - 1425/1445

2. IF CHANNEL IS BROKEN DOWNWARDS
SELL BELOW 1362
RESISTANCE 200EMA
TARGET - 1340/1323

KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.