Colgate Palmolive Outlook for the Week (Sept 04,2020 – Sept 18,2020)


For the Week: (Sept 04,2020 – Sept 18,2020)

COLPAL

BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG

Colgate Share Price : 1418.65 (NSE)

COLPAL closed the Weekly on positive note gaining 4.15%.

Weekly High: 1423.30

Weekly Low: 1343.25

Weekly Range: 80.05 points

Weekly Support & Resistance for COLPAL:

RESISTANCE 2 1475
RESISTANCE 1 1447
SUPPORT 1 1367
SUPPORT 2 1315

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1367 levels, Minor resistance on the upside is capped around 1447 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1315 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 @ 1475

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1475 upside and 1315 on downside.

Pattern analysis shows that Colgate Ltd. share price test the higher level by moving above double bottom breakout. Stock prices will move higher towards 1435 levels as long as 1388 levels stays protected on lower side.