Colgate Palmolive Outlook for the Week (Oct 12,2020 – Oct 16,2020)

SECTOR: FMCG.

RESISTANCE 1.
1487.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 1429 levels, Minor resistance on the upside is capped around 1487 levels.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1511 upside and 1395 on drawback.

If stock breaches minor assistance on the disadvantage and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 1395 and If stock breaches small resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 1511.

Colgate Share Price: 1462.85 (NSE).

Weekly High: 1477.45.

Weekly Low: 1420.10.

The present structure reveals that COLPAL share price moving in the kind of Double bottom pattern. Share looks to be favorable for now. As prices have decisively broken above 1428 we expect it to reach a target of 1490 level based on our analysis.

For the Week: (Oct 12,2020– Oct 16,2020).

SECTOR: FMCG.

COLPAL closed the Weekly on positive note gaining 1.58%.

The present structure reveals that COLPAL share price relocating the form of Double bottom pattern. Share seems favorable for now. As prices have decisively broken above 1428 we expect it to reach a target of 1490 level based on our analysis.

ASSISTANCE 2.
1395.

SUPPORT 1.
1429.

RESISTANCE 2.
1511.

Weekly Range: 57.35 points.

Weekly Support & & Resistance for COLPAL:.