Expert Suggests Colgate-Palmolive Amidst Market Volatility
Amidst geopolitical problems, Option Broking’s Sumeet Bagadia has actually highlighted Colgate-Palmolive (India) as a possibly profitable investment, pointing out a strong technical breakout on the once a week chart.
- Suggestion: Purchase around 2, 200, gathering approximately 2, 160
- Targets: 2, 420 and 2, 530 in the medium term.
- Technical Indicators: Stock trading over 50 and 100 -day moving averages with the RSI over 50
- Catalyst: Breakout confirmed by strong trading volumes, supported by the supply passing a falling wedge pattern on the weekly graph around the 2180 degree.
Financiers are encouraged to consult economists prior to making financial investment decisions.
