as per chart patterns and technical signal’s one can buy colgate above 1335 sl 1290 target 1365-1395-1435
hold delivery only if it able to give close above 1335 level, if not give close above mention level then wait for next trading session, dont taken positional if not close above expected level please.
technical study
as per the chart we can see that price has taken support on trendline.
recently it has made “ASCENDING TRIANGLE” chart pattern, and after a breakout it able to give movement as per triangle width.
now even it moving above its recent resistance level so open more positive bar on chart can given some reversal move in stock.
look at the rsi development, we can see that price taken support on trendline, but rsi still in weakness moved below the support level, in last session it started to reverse, so more price action in stock can given scope to rsi for moving into the overbought zone.
even there is a “POSITIVE DIVERGENCE” on chart, with recent two bottom of price.
so overall technical suggest that if price given green bar close above 1335 level then stock can given some reversal move.