Colgate-Palmolive broke above resistance of 1175 with today's high of 1189
Channel height of (1175-1025) = 150 is the minimum expected rise from current price.
Support of 920 which was broken last week was retested for resistance.
Short position can be initiated below yesterdays low of 893.50 or as close to 920 as possible.
Risk-reward of 1:2.5
around 24000 should be a good support
also approaching channel wall
this should take around a week to settle
wait and watch..
get ready to close short positions
make list of possible long scrips in banking sector