Colgate(I)-W-Bounced off trendline, if held, new highs are on

Long

COLGATE-PALM (IND) (NSE:COLPAL)

Updated

NSE:COLPAL COLGATE-PALM (IND)

Trend Analysis

trendanalysis

Trendline support. Cheap valuations vs the sector. Improving nos. post the patanjali intrusion

Comment:

Stock has been very quite - trading a 20-30 points range for the last 7 days. An NR7 or NR4 can come into play monday.

Comment:

Volatility has absolutely died on this one. Last 11 trading days within a 3-4% range. Unsustainable - expect a trending move soon. (could be either ways)

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