Colgate-Palmolive holds trendline after two year fall

closed at 1870.60, up 1.65% on the day. The stock remains inside a descending channel that has been in place since the stock's peak above 3800 in September 2024. What happened: price tested the descending trendline drawn from that 2024 high in March this year near 2140, was rejected, and has since drifted lower to the current level around 1870, still below the Ichimoku cloud which spans roughly 1867 to 1998. Why it matters: the stock has lost more than 50% from its 2024 peak over two years, and the trendline that has capped every rally since March 2025 is still intact. Today's bounce puts price back toward that same descending line, now near 1998. My view: a two-year trendline that has rejected price on at least three occasions carries weight, and I want to see a decisive close above it, not just an intraday touch, before treating this as more than a bounce inside a longer decline. Oral care volumes and rural demand recovery are the fundamental threads the market is watching alongside this chart. What I am watching next: a sustained close above 1998 would be the first real break of the two-year downtrend. Failure there keeps the stock inside the same falling channel. Disclosure: I do not hold a position in Colgate-Palmolive (India) Limited