Analyst Recommends Colgate-Palmolive Amid Market Volatility
Amidst geopolitical concerns, Choice Broking’s Sumeet Bagadia has highlighted Colgate-Palmolive (India) as a potentially lucrative investment, citing a strong technical breakout on the weekly chart.
- Recommendation: Buy around ₹2,200, accumulating up to ₹2,160.
- Targets: ₹2,420 and ₹2,530 in the medium term.
- Technical Indicators: Stock trading above 50 and 100-day moving averages with the RSI above 50.
- Catalyst: Breakout confirmed by strong trading volumes, supported by the stock moving past a falling wedge pattern on the weekly chart around the ₹2180 level.
Investors are advised to consult financial experts before making investment decisions.
