Colgate Palmolive (India) Limited is in a rising
trend channel in the medium long term. This
signals increasing optimism among investors
and indicates continued rise. The price has
broken the resistance at 2030 of a rectangle
pattern, which signals a further rise.
There is
no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 1660 rupee. Positive volume
balance strengthens the stock in the short
term. The stock is overall assessed as
technically positive for the medium long term.