EquityPandit’s Outlook for Colgate Palmolive for the week(April 22,2019 – April 26,2019)
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on positive note gaining +0.09%
Week High: 1,231.65
Week Low: 1,214.20
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for COLPAL at 1210- 1215 levels, whereas minor resistance on the upside is capped around 1237- 1240 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 1190- 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 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 & 1190-1180 on downside.