COLPAL Weekly Outlook and Analysis:
For the Week: (Nov 01,2021 – Nov 05,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1542.60 (NSE)
COLPAL closed the Weekly on Negative note Losing 1.35%
Weekly High: 1574
Weekly Low: 1501
Weekly Range: 73 Points
Weekly Support & Resistance for COLPAL
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1504 levels, Minor resistance on the upside is capped around 1577 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 @ 1466 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 @ 1612
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the Weekly as 1612 on upside and 1466 on downside.