EquityPandit’s Outlook for Colgate Palmolive for the week (May 06,2019 – May 10,2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note losing 3.74%
Week High: 1,214.90
Week Low: 1,169.50
Week Range: 45.40
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1145- 1150 levels, Minor resistance on the upside is capped around 1190– 1195 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 @ 1190- 1180 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 @ 1225– 1230
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 1225- 1230 on upside and 1190- 1180 on downside.