Colgate can be bought with a stop at 999: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on Colgate.

What is your call on Colgate?

Despite the fact that markets have been falling, we have seen Dr. Reddy as well as Colgate go through good consolidation and yesterday was a breakout day for both these stocks. So Colgate can be bought with a stop at 999, a price target of about 1100 looks very likely over here. We saw very strong price action yesterday coupled with good numbers on the volume charts as well.