Colgate Palmolive Outlook for the Week (Aug 24,2020 – Aug 28,2020)

Weekly Range: 41.70 points.

SECTOR: FMCG.

RESISTANCE 2.
1461.

Weekly Low: 1402.25.

On the daily chart we can see that, COLPAL is moving in Double Top pattern. In last session a big black body appeared on thecandle. In brief trend, Move below the weekly low that is 1402 level will drag costs more towards drawback.

Technically on the everyday charts EquityPandits Analyst see: Minor support on the disadvantage lies at 1394 levels, Minor resistance on the advantage is topped around 1436 levels.

On the day-to-day chart we can see that, COLPAL is relocating Double Top pattern. In last session a large black body appeared on thecandle. Simply put pattern, Move listed below the weekly low that is 1402 level will drag costs more towards disadvantage.

For the Week: (Aug 24,2020– Aug 28,2020).

Colgate Share Price: 1410.65 (NSE).

SUPPORT 2.
1377.

Weekly Support & & Resistance for COLPAL:.

RESISTANCE 1.
1436.

Weekly High: 1443.95.

ASSISTANCE 1.
1394.

If stock breaches small support on the disadvantage and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 1377 and If stock breaches small resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 1461.

Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit forecast range for the Weekly as on 1461 upside and 1377 on downside.

COLPAL closed the Weekly on flat note.

SECTOR: FMCG.