Colgate Palmolive Outlook for the Week (Dec 07,2020 – Dec 11,2020)


For the Week: (Dec 07,2020 – Dec 11,2020)

COLPAL

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

Colgate Share Price : 1540.80 (NSE)

COLPAL closed the Weekly on Positive note Gaining 1.79%

Weekly High: 1548.70

Weekly Low: 1493.00

Weekly Range: 55.70 points

Weekly Support & Resistance for COLPAL:

RESISTANCE 2 1582
RESISTANCE 1 1561
SUPPORT 1 1506
SUPPORT 2 1472

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1506 levels, Minor resistance on the upside is capped around 1561 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 @ 1472 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 @ 1582

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1582 upside and 1472 on downside.

The present structure shows that COLPAL share price is moving in the form of Channel pattern. Prices closed near middle channel band which is a sign of bullishness for the coming session .The daily MACD is bullish and it trades above the signal line.