Colgate Palmolive Outlook for the Week Sept 28,2020 – Oct 01,2020)

For the Week: Sept 28,2020– Oct 01,2020).

ISIN: INE259A01022

If stock breaches minor support on the downside and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1287 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 @ 1483.

Weekly High: 1420.00.

ASSISTANCE 2.
1287.

The present structure reveals that COLPAL share cost relocating the kind of Double bottom pattern. We can see sharp rally get better from specific support of same pattern and moving above the middle Band Bollinger with quick momentum. For short-term, pattern for COLPAL share is bullish.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit predict variety for the Weekly as on 1483 benefit and 1287 on drawback.

Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 1351 levels, Minor resistance on the advantage is topped around 1450 levels.

ASSISTANCE 1.
1351.

Weekly Support & & Resistance for COLPAL:.

SECTOR: FMCG.

Weekly Range: 97.85 points.

Colgate Share Price: 1415.70 (NSE).

COLPAL closed the Weekly on favorable note acquiring 3.13%.

Weekly Low: 1322.15.

RESISTANCE 2.
1483.

The present structure reveals that COLPAL share rate moving in the form of Double bottom pattern. We can see sharp rally bounce back from precise support of same pattern and moving above the middle Band Bollinger with fast momentum. For brief term, trend for COLPAL share is bullish.

RESISTANCE 1.
1450.