Colgate Palmolive Outlook for the Week (Oct 05,2020 – Oct 09,2020)

For the Week: (Oct 05,2020– Oct 09,2020).

ISIN: INE259A01022

Stock is trading above 200 days exponential moving average, suggests long term pattern is bullish. EquityPandit anticipate variety for the Weekly as on 1485 benefit and 1389 on disadvantage.

COLPAL closed the Weekly on favorable note gaining 1.72%.

RESISTANCE 2.
1485.

Weekly Support & & Resistance for COLPAL:.

Weekly Range: 48.00 points.

RESISTANCE 1.
1462.

Colgate Share Price: 1440.00 (NSE).

Today structure shows that COLPAL share rate relocating the form of Double bottom pattern. Share looks to be positive in the meantime. As prices have actually decisively broken above 1428 we anticipate it to reach a target of 1480 level based upon our analysis.

ASSISTANCE 2.
1389.

SECTOR: FMCG.

SUPPORT 1.
1414.

The present structure shows that COLPAL share cost moving in the kind of Double bottom pattern. Share looks to be positive for now. As rates have actually decisively broken above 1428 we anticipate it to reach a target of 1480 level based on our analysis.

Weekly Low: 1412.00.

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the downside lies at 1414 levels, Minor resistance on the advantage is topped around 1462 levels.

Weekly High: 1460.00.

If stock breaches minor support on the downside and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 1389 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1485.