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COLPAL Weekly Outlook and Analysis:
For the Week: (Jan 17,2022 – Jan 21,2022)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1463.60 (NSE)
COLPAL closed the Weekly on Negative note Losing 0.43%
Weekly High: 1479.90
Weekly Low: 1437
Weekly Range: 42.90 Points
Weekly Support & Resistance for COLPAL
| RESISTANCE 2 | 1503 |
| RESISTANCE 1 | 1483 |
| SUPPORT 1 | 1440 |
| SUPPORT 2 | 1417 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1440 levels, Minor resistance on the upside is capped around 1483 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 @ 1417 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 @ 1503
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the Weekly as 1503 on upside and 1417 on downside.
