The Col-gate is moving range bound since few days between 1240-1275
Breaking and Sustaining above 1275 confirm uptrend upto 1313 and above that closing a return of 7 - 9% i.e.1434 level can be easily seen.But if the range low 1240-1230 is Broke and any consecutive 2 days close below that can seen a new 52week Low.Current 52week low is 1190.
Trade with Strict Stop is the Best Policy
Evaluate the Risk Appetite before initiate the trade.
All the Best.
Regards
Rahil Vora.
Breaking and Sustaining above 1275 confirm uptrend upto 1313 and above that closing a return of 7 - 9% i.e.1434 level can be easily seen.But if the range low 1240-1230 is Broke and any consecutive 2 days close below that can seen a new 52week Low.Current 52week low is 1190.
Trade with Strict Stop is the Best Policy
Evaluate the Risk Appetite before initiate the trade.
All the Best.
Regards
Rahil Vora.
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