Weekly Chart
CMP 1257
Expected target 1260 + (1200-800) = 1660 plus
Stop : Trail 30 weeks ema, currently at 1080.
1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes.
2) Relative Strength with respect to broader index indicates serious money flowing into the stock.
3) RSI has been in the...
When a well-defined support is held over a considerably long period of time, bulls gather momentum taking price northward. May the marker conditions be favourable. Good investment scrip.
Colgate Palmolive D1 demand already playing out, last couple demand zones worked pretty well. Longs at WK DZ around 875 or at new areas of demand if it keeps on rallying and breaking higher.
There are some stocks made for just accumulation. You just buy them whenever they are down. A very simple strategy to get rich in long term without hassle. Colgate Palmolive is one of them.
Day trading is something not advisable for Colgate Palmolive stock because it will leave you clueless with big whipsaw. Anything below weekly time frame and picture is...
After a fall, price has seen a nice consolidation and a breakout. Close above rising 50-EMA is healthy sign. Stock looks interesting from a short-term trading perspective.
