Trading tips by Ajit Mishra of Religare Broking: Buy Colgate, Tata Motors

Tata Motors has witnessed a fresh breakout on March 2, after consolidating in a range for a month

Buy Colgate Palmolive (India) Limited

Last close: Rs 1,602.15

Initiation range: Rs 1,590-1,600

Target: Rs 1,690

Stop loss: Rs 1,550

Colgate has been consolidating in a range for the last one and a half months, after making a new record high at 1676 in January 2021. It has formed a strong base while holding firmly above the support zone of the medium-term moving average(100 EMA) on the daily chart. Indications are in the favour of a steady up move from hereon. We, thus, suggest creating fresh longs in the mentioned zone.
 

Buy Tata Motors Limited

Last close: Rs 345.75

Initiation