ParamjitMahapatro

colgate palmolive looks bullish in medium term

Long
NSE:COLPAL   COLGATE-PALM (IND)
In weekly, there has been a multi-year resistance breakout , then retesting of the breakout level.

in daily hidden bullish divergence is seen,
sl - 1005, tgt1 - 1166, tgt2 - 1267
Trade active: good move today, up by 2.12%. closed at 1108
Trade active: regular bullish divergence seen in the support zone.
Trade active: hovering around the support zone
Trade active: cmp - 1150.95, after a month long consolidation at the support zone, price bounced smartly, see the follow up chart

Comment: 1st tgt of 1161, already achieved here, cheers
Trade active: till now 1230

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