EquityPandit’s Outlook for Colgate Palmolive for week (July 27, 2015 – July 31, 2015):
Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining more than 1%.
As we have mentioned last week that if the stock manages to cross over the levels of 2060 the stock can move to the levels of 2100 to 2150 where upwards moving trend-line is positioned. The stock hit a high of 2090 during the week and corrected to the levels of 2060.
If the stock manages to close above the levels of 2090 the stock can move to the levels of 2150 where upward moving trend-line is positioned.
Support for the stock lies in the zone of 2010 to 2030 where 100 Daily SMA and short term moving averages are lying.
Resistance for the stock lies in the zone of 2090 to 2110.
Broad range for the stock is seen between 2010 to 2030 on lower end and 2100 to 2120 on upper end.