EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 7, 2019 – Oct 11, 2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on negative note loosing –6.57%
Week High: 1546.25
Week Low: 1444.60
Week Range: 101.65 points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1351 levels, Minor resistance on the upside is capped around 1499 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 @ 1257and 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 @ 1571
Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as 1571 on upside and 1257 on downside.