EquityPandit’s Outlook for Colgate Palmolive for the week (June 24, 2019 – June 28, 2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note losing –2.68%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1100 levels, Minor resistance on the upside is capped around 1145 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 @ 1070 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
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 1190 on upside and 1070 on downside.