EquityPandit’s Outlook for Colgate Palmolive for the week (Mar 18, 2019 – Mar 22, 2019) :
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on positive note gaining +1.54%%
Week High: 1282.60
Week Low: 1253.70
Week Range: 28.90
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for COLPAL at 1220- 1210 levels, whereas minor resistance on the upside is capped around 1300- 1310 levels.
If stock breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 1170- 1180 and if stock breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 1350- 1360
Currently trend for the stock is sideways to bullish as stock trading near and above 200 days exponential moving average. EquityPandit’s predicts COLPAL range for the week is seen from 1350- 1360 on upside & 1170 -1180 on downside.