The stock of Colgate Palmolive (India), although in a long-term downtrend, shows signs of a recovery, at least for the short-term. In April, it started the recovery on the back of the base at ₹1,780.Video Credit: BusinesslineFollowing this, the price action since June, shows that the scrip has formed a higher base at ₹1,975. Although there is a resistance ahead at ₹2,100, we expect this to be invalidated.This can trigger a fresh leg of rally to ₹2,200. Hence, there is a short-term buying opportunity here. We suggest buying now at ₹2,041 and accumulate at ₹1,990.Place stop-loss at ₹1,940. When the price rises to ₹2,100, raise the stop-loss to ₹2,040. On a rally to ₹2,150 tighten the stop-loss to ₹2,100. Book profits at ₹2,200. (Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)Published on July 20, 2026