EquityPandit’s Outlook for Colgate Palmolive for the week (July 27,2020 – July 31, 2020):

COLGATE PALMOLIVE:

BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG

Stock closed the week on negative note losing 3%

Week High: 1455.90

Week Low: 1362.55

Week Range: 93.35 points

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1362 levels, Minor resistance on the upside is capped around 1408 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 @ 1334 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 @ 1437

Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as on 1437 upside and 1334 on downside.

WEEKLY PIVOT LEVELS: