Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (March 15,2021 – March 19,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1621.95 (NSE)
COLPAL closed the Weekly on Negative Note Losing 0.73%
Weekly High: 1659.15
Weekly Low: 1615
Weekly Range: 44.15 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1676 |
| RESISTANCE 1 | 1650 |
| SUPPORT 1 | 1605 |
| SUPPORT 2 | 1588 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1605 levels, Minor resistance on the upside is capped around 1650 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 @ 1588 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 @ 1676
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1676 on upside and 1588 on downside.
Stock opened on a negative note and remained in a falling trajectory throughout the day. A falling window occurred on the candles.
A break below 1615 can take price towards 1600 or lower levels.
