there's been a massive sell off taking the toll on the downside to 17% from all time high. either one can wait for trend reversal or start buying small quantities for long term. it could underperform or remain sideways or quite some time. but its worth taking a risk and start buying.
It has formed an inverted bearish Cup and Handle. Of course, handle is still in the making. This chart pattern tends to trigger a bearish price movement. A limited fall in price up to 1450 is expected. This is based on depth of a cup. If you plot daily trading volume from 10th Jan to 22nd Jan then it supports or confirm the chart pattern.
Price has steadily fallen from the high. Since 2nd Dec 19, price has been moving sideways. Height of pole and length of flag are unusual. Hence, can someone please validate price movement as bearish flag pattern? What the current consolidation does offer? Trading volume is below its 5 and 20 days EMA
Colgate-Palmolive (India) Ltd. engages in the manufacturing and trading of toothpaste, tooth powder, toothbrush, mouth wash, and personal care products. The company was founded in 1937 and is headquartered in Mumbai, India.