Colgate Palmolive Outlook for the Week (Sept 21,2020 – Sept 25,2020)

For the Week: (Sept 21,2020– Sept 25,2020).

ISIN: INE259A01022

RESISTANCE 2.
1451.

Weekly Range: 64.09 points.

Weekly Low: 1363.00.

On the everyday chart stock closed listed below Band Bollinger. A black body appeared on the candle light. Stock will not have any sustainable up move unless this level of 1430 is taken out if we look from an immediate short-term angle.

SUPPORT 1.
1348.

Weekly Support & & Resistance for COLPAL:.

If stock breaches small assistance on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1323 and If stock breaches minor resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 1451.

RESISTANCE 1.
1412.

SECTOR: FMCG.

COLPAL closed the Weekly on unfavorable note losing 3.24%.

Weekly High: 1427.90.

Stock is trading below 200 days exponential moving average, suggests long term pattern is bearish. EquityPandit anticipate range for the Weekly as on 1451 upside and 1323 on downside.

Colgate Share Price: 1372.65 (NSE).

On the everyday chart stock closed listed below Band Bollinger. A black body appeared on the candle light. If we look from an instant short-term angle, stock will not have any sustainable up move unless this level of 1430 is taken out.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the drawback lies at 1348 levels, Minor resistance on the upside is topped around 1412 levels.

ASSISTANCE 2.
1323.