EquityPandit’s Outlook for Colgate Palmolive for the week (September 19, 2016 – September 23, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930 where the stock has formed a short term bottom in the month of July – 2016. During the week the stock manages to hit a low of 951 and close the week around the levels of 970.

Minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930 where the stock has formed a bottom in the month of July – 2016.

Minor resistance for the stock lies in the zone of 990 to 1000. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 945 to 950 on lower end and 1000 to 1010 on upper end.