|Buy Range||1158 – 1180|
|Target||1250 – 1280|
|Duration||15 – 20 Trading Sessions|
|Potential Return^||6 – 8%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|1180.15||BUY||1158 – 1180||1250 – 1280||1130||15 – 20 Trading Sessions||6 – 8%|
# CMP on May 27, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 1215.
^ The returns are calculated based on CMP#
Colgate-Palmolive (India) Ltd manufactures and trades oral-care, personal-care, household-care, and dentist care products. The Company offers various personal care products, such as toothpastes, toothpowder, toothbrushes, mouthwashes, soaps, cosmetics and toilet preparations. The company also offers a range of personal care products under the Palmolive name.
|Sectoral Index||Nifty FMCG|
TECHNICAL OBSERVATIONS (WEEKLY)
- The stock price has placed near the lower bound of an upward channel range and based on historical price pattern we are expecting the price to rise from here.
TECHNICAL OBSERVATIONS (DAILY)
- Higher Tops and Higher Bottoms at Daily Charts.
- Last few days stock is trading above the 15 days MA and recent closing near the Upper Bollinger Band showing further bullishness.