Buy Colgate Palmolive on dips: Sukhani

Buy Colgate Palmolive on dips, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Colgate Palmolive (India) has been on my list since it crossed Rs 700. At Rs 700 I used to think it’s rallied so much should I have the courage to buy it? It is now Rs 1500. The same pattern, it rallies and it consolidates, corrects and finally rallies again."
He further added, "We all know that at some point this rally will stop but we can't call the top. So Colgate had a small correction, almost 100 points on the downside. Yesterday it finally said may be its closed better giving the sense that the correction is over with. This is a buy on dips opportunity and we keep on buying these dips unless proved wrong. We don’t know where this rally will end, where this uptrend will end finally. It is a wonderful stock to be in on the long side."
"Sun Pharmaceutical Industries is keeping on pushing against that final resistance beyond which it will go into lifetime new highs again. I would say it’s a matter of time. Yesterday it did some very nice chart patterns, it closed better, it is again on the verge of a breakout. Now that breakout will come when it will come but we want to be in position as many times as possible. Once it moves into lifetime new highs there will be a sustained up move here. It is one of the best stocks in the universe." Disclosure: I have no personal holding in the above stocks.