COLPAL Weekly Outlook and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1481.90 (NSE)
COLPAL closed the Weekly on Negative Note Losing 2.13%
Weekly High: 1524.00
Weekly Low: 1468.00
Weekly Range: 56.00 Points
Weekly Support & Resistance for COLPAL:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1458 levels, Minor resistance on the upside is capped around 1514 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 @ 1435 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 @ 1547.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the Weekly as 1547 on upside and 1435 on downside.
On Daily chart basis, Prices are seen moving below trend line support. In short trend If price moves below weekly low levels we can see more weakness towards downside. Confirmation was made with the help of 200 EMA.