EquityPandit’s Outlook for Colgate Palmolive for the week (July 15, 2019 – July 19, 2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note losing –3.34%
Week High: 1185.85
Week Low: 1125.90
Week Range: 59.95 points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1115 levels, Minor resistance on the upside is capped around 1175 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 @ 11000 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 @ 1212
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the week as 1175 on upside and 1115 on downside.