EquityPandit’s Outlook for Colgate Palmolive for the week (May 13, 2019 – May 17,2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note losing 3.29%
Week High: 1,170.10
Week Low: 1,131.60
Week Range: 38.50
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1125- 1120 levels, Minor resistance on the upside is capped around 1160– 1165 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 @ 1090– 1085 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 @ 1190– 1200
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 1190– 1200 on upside and 1090- 1085 on downside.