EquityPandit’s Outlook for Colgate Palmolive for week (July 06, 2015 – July 10, 2015):
Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 4%.
As we have suggested last week that if the stock manages to close above the levels of 2033 we may see stock moving towards the levels of 2080 where upward moving trend-line is positioned.
During the week the stock hit the high of 2069 levels on 01/07/2015.
If the stock manages to close above the levels of 2070 we may see stock moving towards the levels of 2150 where upward sloping trend-line is positioned.
Support for the stock lies in the zone of 1970 to 2000 where short term moving averages and 100 Daily SMA is lying.
Broad range for the stock is seen between 1950 to 1970 on lower end and 2080 to 2120 on upper end.