EquityPandit’s Outlook for Colgate Palmolive for the week (Sept 30, 2019 – Oct 5, 2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on positive note gaining +10.62 %
Week High: 1546
Week Low: 1397.75
Week Range: 148.50
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1425levels, Minor resistance on the upside is capped around 1600 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 @ 1425 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 @ 1650
Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as 1650 on upside and 1425 on downside.