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TechnoFunda_Investor

Colpal - Negative Trend Reversal

Long
COLGATE-PALM (IND) (NSE:COLPAL)  
TechnoFunda_Investor  
NSE:COLPAL   COLGATE-PALM (IND)
Trend Analysis Chart Patterns Technical Indicators colpaltradesetup investingopportunity Stocks
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trendanalysis chartpattern indicator colpaltradesetup investingopportunity stocks
Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest.

Positive RSI Divergence:
Positive RSI divergence observed since 20/12

44 DMA Breakout:
Today's candle opened above 44 DMA and morning hours observed good volumes till now

Double Bottom:
It seems it created double bottom today with the second bottom above the previous

It has huge upside potential due to its lengthy previous downfall.

SL: 1375
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