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ParamjitMahapatro
Oct 11, 2017 2:11 PM

colgate palmolive looks bullish in medium term Long

COLGATE-PALM (IND)NSE

Description

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

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good move today, up by 2.12%. closed at 1108

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regular bullish divergence seen in the support zone.

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hovering around the support zone

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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

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till now 1230
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