Colgate Palmolive Outlook for the Week (Sept 07,2020 – Sept 11,2020)

For the Week: (Sept 07,2020– Sept 11,2020).

Colgate Share Price: 1362.05 (NSE).

COLPAL closed the Weekly on unfavorable note losing 2.02%.

SUPPORT 1.
1343.

Technically on the everyday charts EquityPandits Analyst see: Minor support on the downside lies at 1343 levels, Minor resistance on the benefit is capped around 1390 levels.

Weekly High: 1400.70.

Weekly Support & & Resistance for COLPAL:.

RESISTANCE 1.
1390.

If stock breaches small assistance on the downside and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 1324 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 @ 1419.

Weekly Range: 47.70 points.

Weekly Low: 1353.

On the day-to-day chart we can see that, stock took break out from trend line support. The day-to-day MACD is bearish and it trades below the signal line. In short trend move towards 1310 levels can be anticipated disadvantage.

RESISTANCE 2.
1419.

Stock is trading below 200 days exponential moving average, recommends long term trend is bearish. EquityPandit anticipate range for the Weekly as on 1419 upside and 1324 on downside.

ASSISTANCE 2.
1324.

On the daily chart we can see that, stock took break out from pattern line assistance. The daily MACD is bearish and it trades below the signal line. In short pattern move towards 1310 levels can be anticipated down side.

SECTOR: FMCG.

SECTOR: FMCG.