EquityPandit’s Outlook for Colgate Palmoilve for the week (October 26, 2015 – October 30, 2015):

COLGATE PALMOLIVE:

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 4.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 930 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 950. During the week the stock manages to hit a high of 960 and close the week around the levels of 941.

Support for the stock lies in the zone of 925 to 930 from where the stock has broken out. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 885 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 950 to 960. If the stock manages to close above this levels then the stock can move to the levels of 975 to 985 where 100 Daily SMA and 200 Daily SMA are positioned.

Broad range for the stock is seen between 910 to 920 on lower end and 970 to 980 on upper end.