EquityPandit’s Outlook for Colgate Palmolive for the week (April 29,2019 – May 03,2019):
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 EquityPandit’s Analyst see: Minor support on the downside lies at 1190- 1188 levels, Minor resistance on the upside is capped around 1248- 1250 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1150- 1152 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1270- 1272
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 1270- 1272 on upside and 1150- 1152 on downside.