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


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

COLPAL

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

Colgate Share Price : 1440.00 (NSE)

COLPAL closed the Weekly on positive note gaining 1.72%.

Weekly High: 1460.00

Weekly Low: 1412.00

Weekly Range: 48.00 points

Weekly Support & Resistance for COLPAL:

RESISTANCE 2 1485
RESISTANCE 1 1462
SUPPORT 1 1414
SUPPORT 2 1389

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1414 levels, Minor resistance on the upside is capped around 1462 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 @ 1389 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 @ 1485

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1485 upside and 1389 on downside.

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