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NaveenGr
Mar 4, 2022 2:48 PM

Colgate-Palmolive near MONTHLY TRENDLINE- BUYING SETUP Long

COLGATE-PALM (IND)NSE

Description


Colgate-Palmolive (India) -

1. Has been following up trend line since 2009 as visible in the chart.

2. Expected to follow the trend line.

3. Entry - for long term some part can be added at current levels. Major buying can be done when price breaks the trend line in DAILY time frame but reverses and closes above it. Entry on high break of this candle.

Comments
wininfinity_
wow. nice chart. try 50 moving average on this monthly chart. it is also showing at buying opportunity
NaveenGr
@wininfinity_, thanks, confluence of different indicators make it even stronger 😀
wininfinity_
@NaveenGr, True
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