EquityPandit’s Outlook for Colgate Palmolive for the week (Nov 11, 2019 – Nov 15, 2019):
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on positive note gaining +3.30%
Week High: 1641.65
Week Low: 1515.20
Week Range: 126.45 points
Colgate-Palmolive (India) Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1554.90 levels, Minor resistance on the upside is capped around 1640.50 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 @ 1534 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 @ 1727
Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as 1727 on upside and 1534 on downside.
Weekly Pivot Levels For COLPAL: