Chart Check: Colgate on verge of giving breakout from Symmetrical Triangle; fresh record highs possible
The stock hit a fresh high of Rs 1,695 on September 2, 2022, but it failed to hold on to the momentum. Momentum suggests that the stock will be able to break above this level. On the price front, the stock price is trading above the crucial short- and long-term moving averages placed at 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.
