Colgate Palmolive Outlook for the Week (Aug 03,2020 – Aug 07,2020)

For the Week: (Aug 03,2020– Aug 07,2020).

NSE: COLPAL

SUPPORT 1.
1374.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 1374levels, Minor resistance on the benefit is capped around 1473 levels.

COLPAL Weekly Support & & Resistance Levels:.

RESISTANCE 2.
1523.

Stock is trading above 200 days rapid moving average, suggests long term trend is bulish. EquityPandit forecast range for the week as on 1523 upside and 1325 on disadvantage.

Stock closed the week on positive note gaining 2.8%.

Week Low: 1375.

Week Range: 98.95 points.

If stock breaches minor support on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1325 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 @ 1523.

Week High: 1473.95.

Pattern analysis reveals that Colgate Ltd. share rate test the lower level by moving towards the lower pattern line of the increasing channel and presently placed near the Bollinger band line support. In other words term pattern cost can move towards 1375 levels.

ASSISTANCE 2.
1325.

COLGATE SHARE PRICE: 1423.30 NSE.

RESISTANCE 1.
1473.

SECTOR: FMCG.