Colgate Palmolive Outlook for the Week (Nov 09,2020 – Nov 13,2020)


For the Week: (Nov 09,2020 – Nov 13,2020)

colpal

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

Colgate Share Price : 1507.20 (NSE)

COLPAL closed the Weekly on negative note loosing 0.63%

Weekly High: 1528.15

Weekly Low: 1462.05

Weekly Range: 66.10 points

Weekly Support & Resistance for COLPAL:

RESISTANCE 2 1565
RESISTANCE 1 1536
SUPPORT 1 1470
SUPPORT 2 1433

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1470 levels, Minor resistance on the upside is capped around 1536 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 @ 1433 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 @ 1565

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1565 upside and 1433 on downside.

The present structure shows that COLPAL share price are moving in trend line break out. Stock comfortably closed above 100 EMA and 200 EMA support. Bullish white body appeared on the candle. In nutshell, COLPAL seems to be positive