Is there Long trade opportunity in COLGATE-PALM ?COLGATE had recently broke its All Time High and that previously acted as a support and now again this scrip is trading near the support zone. We may expect the same outcome from here too. This scrip is also trading near the Monthly CPR support which indicates there might be some up move from here.
So go long only if there is a strong bullish candle in support zone and Put your Stop Loss below support zone or CPR support. Do note, there might be some downfall and may even touch the trendline. So long only is there's a confirmation.
