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Colgate Palmolive Technical Analysis #54: Buy | Target Rs 1250 | Arijit Banerjee

Buy Range1158 – 1180
Target1250 – 1280
Duration15 – 20 Trading Sessions
Potential Return^6 – 8%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
1180.15BUY1158 – 11801250 – 1280113015 – 20 Trading Sessions6 – 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.

Stock Data
Sectoral IndexNifty FMCG
52W High1354.8
52W Low1018.3
Face Value1
Relative Performance_Colgate Palmolive vs Nifty FMCG


  • 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.
Colgate Palmolive Weekly Chart
Colgate Palmolive Weekly Chart


  • 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.
Colgate Palmolive Daily Chart
Colgate Palmolive Daily Chart


Based on our free short term trading tips, Colgate-Palmolive share price target will be 1250 – 1280 in the next few days.


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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