Colgate Palmolive Outlook for the Week (Dec 28,2020 – Jan 01,2021)


For the Week: (Dec 28,2020 – Jan 01,2021)

COLPAL

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

Colgate Share Price : 1568.85 (NSE)

COLPAL closed the Weekly on Losing note losing 1.95%

Weekly High: 1598.50

Weekly Low: 1517.30

Weekly Range: 81.20 points

Weekly Support & Resistance for COLPAL:

RESISTANCE 2 1642
RESISTANCE 1 1606
SUPPORT 1 1524
SUPPORT 2 1480

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1524 levels, Minor resistance on the upside is capped around 1606 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 @ 1480 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 @ 1642

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1642 upside and 1480 on downside.

The present structure shows that COLPAL share price is moving in the form of Channel pattern. Prices moving near middle channel band which is a sign of bullishness for the coming session .