Buy Colgate Palmolive, target Rs 1,276: Hadrien Mendonca

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26 Aug, 2025 12:21

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Hadrien Mendonca

Colgate Palmolive has broken out from the Cup and Handle pattern seen on the weekly charts and has also sustained above the same for the past two weeks indicating strength in the breakout.

Rising volumes and Relative strength index (RSI) are all indicating that the current momentum is likely to extend further.

We expect the stock to surge higher towards its potential target of Rs 1,276 levels in the medium term. Traders can put a stop loss below Rs 1,138.

Disclaimer: The author is Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.