EquityPandit’s Outlook for Colgate Palmolive for the week (June 15, 2020 – June 19, 2020):

COLGATE PALMOLIVE:

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

Stock closed the week on negative note losing 0.41%

Week High: 1396

Week Low: 1306

Week Range:90 point

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1320 levels, Minor resistance on the upside is capped around 1370 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 @ 1293.50 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 @1401

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the week as on 1401 upside and on 1293.50 downside.

WEEKLY PIVOT LEVELS: