Shares of Colgate-Palmolive (India) Ltd. slipped 0.63 per cent to Rs 2514.0 in Wednesday’s trade. It hit a high of Rs 2554.95 and low of Rs 2507.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2083.26, while the 50-DMA was at Rs 2503.31. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these…
Read More…