EquityPandit’s Outlook for Colgate Palmolive for the week (April 15, 2019 – April 19, 2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note losing -0.99%
Week High: 1,231.65
Week Low: 1,214.20
Week Range: 17.45
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for COLPAL at 1190- 1200 levels, whereas minor resistance on the upside is capped around 1240- 1250 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 1160- 1170 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 1270- 1280.
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 1270- 1280 on upside & 1160-1170 on downside.