Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (May 24,2021 – May 28,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1633.05 (NSE)
COLPAL closed the Weekly on Positive Note Gaining 4.22%
Weekly High: 1650
Weekly Low: 1560.65
Weekly Range: 89.35 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1704 |
| RESISTANCE 1 | 1668 |
| SUPPORT 1 | 1578 |
| SUPPORT 2 | 1525 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1578 levels, Minor resistance on the upside is capped around 1668 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 @ 1525 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 @ 1704
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1704 on upside and 1525 on downside.
On Daily chart basis, Stock is moving above channel pattern break out zone. Trend for COLPAL is positive and can continue to move higher towards 1680 Levels.
