Home / Markets / News / Stock picks by Nilesh Jain of Anand Rathi: Buy Hero Moto, Colgate Palmolive

Stock picks by Nilesh Jain of Anand Rathi: Buy Hero Moto, Colgate Palmolive

The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue

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Hero MotoCorp stock has provided a breakout from a symmetrical triangle formation on the daily chart

Nilesh Jain Mumbai

2 min read Last Updated : Jan 12 2021 | 7:32 AM IST

BUY COLPAL | TARGET: Rs 1,730 | STOP LOSS: Rs 1,595

The stock is making a 'higher top and higher bottom' formation and is trading in a rising channel on the daily chart. It has provided a breakout from a rounding bottom formation and has scaled to a fresh new high. The volume was higher than average which supports the price action and we can expect the upside momentum to continue. The MACD has provided a fresh buy crossover on the daily chart above the zero line. The stock also witnessed a built-up of long positions with the addition of 15

Topics : Stock calls Markets Market technicals Stock tips Investment strategies Hero MotoCorp Colgate Palmolive Godrej Properties

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