Colgate-Palmolive (India) has re-entered brokerage radar after a fresh technical breakout, with Bajaj Broking naming it a “High Conviction MTF Pick” dated February 25, 2026 .
What’s driving the positive view?
1. Breakout from a seven-month falling wedge
The stock has broken out above a seven-month falling wedge pattern, a bullish technical formation that often signals a trend reversal or continuation of an uptrend .
This breakout indicates that the prolonged corrective phase may have ended and buying momentum is returning.
2. Move above 20-week EMA
Colgate has also moved above its 20-week exponential moving average, which had acted as a strong resistance during the recent decline . A sustained move above this level typically reflects improving strength.
3. Higher highs, higher lows pattern
On the monthly chart, the stock has started forming a higher high–higher low structure, pointing to improving long-term momentum .
Over the past three months, it consolidated within the Rs 2,210–Rs 2,030 range, building a base. The recent move above this zone signals a breakout from consolidation .
4. RSI buy signal
The weekly 14-period RSI has generated a buy signal by moving above its nine-period average, validating the positive bias .
Key levels to watch
- Immediate support: Rs 2,100–Rs 2,070
- Upside target: Rs 2,470
- Potential return: ~10% over 6 months
The target of Rs 2,470 is also aligned with the 61.8% retracement of the previous seven-month decline from Rs 2,747 to Rs 2,030, as noted in the report .
So, should you buy Colgate now?
Based strictly on Bajaj Broking’s technical outlook, the stock has:
- Completed a base-building phase
- Confirmed a bullish breakout
- Generated momentum signals
- Offered a defined upside target over a 6-month horizon
However, investors should assess current market conditions, valuation comfort, and personal risk appetite before making any decision.
Target price and buying range
According to Bajaj Broking’s technical note, the stock has:
- Buying range: Rs 2,210 – Rs 2,250
- Target: Rs 2,470
- Return opportunity: ~10%
- Time frame: 6 months
The brokerage highlights Rs 2,470 as the key upside level based on technical confluence factors.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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