EquityPandit’s Outlook for Colgate Palmolive for the week (June 29, 2020 – July 03, 2020):
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on positive note gaining 2.54%
Week High: 1425
Week Low: 1356.80
Week Range: 68.2 points
Colgate-Palmolive (India) Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1356 levels, Minor resistance on the upside is capped around 1429 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 @ 1318 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 @1472
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the week as on 1472 upside and on 1318 downside.
WEEKLY PIVOT LEVELS: