EquityPandit’s Outlook for Colgate Palmolive for the week  (July 31, 2017 – Aug 04, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1080 to 1090. Resistance for the stock lies in the zone of 1125 to 1135 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1084 and close the week around the levels of 1071.

Support for the stock lies in the zone of 1062 to 1065 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 1045 to 1055 from where the stock broke out of double top pattern.

Minor resistance for the stock lies in the zone of 1080 to 1090. Resistance for the stock lies in the zone of 1125 to 1135 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160 where Fibonacci levels are lying.

Broad range for the stock is seen between 1030 to 1040 on downside & 1110 to 1120 on upside.