Sukhani told CNBC-TV18, "Colgate Palmolive has been coming in my list when it was Rs 700. At Rs 700 people would write and say it's so expensive how we can buy this. It is now Rs 1,300. I do not know whether it's expensive or not but the stock tells that it's going to be an outperformer."
He further added, "I wouldn't be surprise if six months later it crosses Rs 2,000. It has made lifetime new high yesterday and momentum is now favouring the buyers and the bulls. There are no corrections in Colgate except for sideway trends. It's a nice buy, it's not intraday. You need to hold it for few days."
" Bharat Forge is consistently going down. It is also doing something which I would call a triple top, a rare technical pattern but its there. It suggests much more downside. That downside may or may not happen but it's a short sell, if not anything savvy traders can simply sell calls and collect the premium."
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