COLPAL Weekly Outlook and Analysis:
For the Week: (May 10,2021 – May 14,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price: 1511.35 (NSE)
COLPAL closed the Weekly on Positive Note Gaining 1.99%
Weekly High: 1518.00
Weekly Low: 1470.55
Weekly Range: 47.45 Points
Weekly Support & Resistance for COLPAL:
Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 1481 levels, Minor resistance on the upside is capped around 1529 levels.
If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Major Support on the lower side @ 1451 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 1547.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 1547 on the upside and 1451 on the downside.
On a Daily chart basis, Stock manages to close above trend line support. A Doji candle occurred on the chart. On the lower side, the 200 EMA is one of the most important and crucial support for the immediate near term.