WEEKLY TECHNICAL ANALYSIS OF COLPAL

LAST WEEKLY RECOMMENDATION:

HDFC ROCKSSS…!!!!!!!!!!!!
ALMOST HIT FIRST TGT 1100 MADE LOW OF 1123.70 SELL AT 1155

LOT SIZE: 400

WEEKLY TOTAL PROFIT: 25040 IN JUST TWO LOT

FUTURE :

 “SELL COLPAL BELOW 889 TGT 855/825”

WEEKLY CHART FOR COLPAL:

Colgate Palmolive (India) board meeting will be held on January 27, 2016, to take on record and approve the unaudited financial results for the quarter ended December 31, 2015. Colgate Palmolive has recently taken BREAKOUT support near Rs 900 zone and this zone is working as support well from last five series. Most of the times it turns from the major support of Rs 900 levels. In last two trading sessions, we have seen a built up of long position and now short covering is also being witnessed in the counter. It looks attractive at current level and is unable to standing the major support. So we recommend to sell the counter on any decline or at current level with a stop loss of Rs 905 for the downside target of Rs 855 to Rs 825 kind of levels."