Colgate – Triangle Breakout. Headed to 1400/1500

Colgate - Nooreshtech




This is an interesting chart formation on a defensive FMCG stock.


The stock made multiple attempts at both ends of the triangle. On expected lines it has broken out above 1300-1310.


Could be a good short to medium term pick with 1300-1320 being a buy zone and stoploss at 1250-1270.

Upside target at 1400-1500.


Disclosure: Recommended strongly to clients at



Thanks and Regards,

Nooresh Merani

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