EquityPandit’s Outlook for Colgate Palmolive for the week (May perhaps 06,2019 – May perhaps 10,2019):
Colgate-Palmolive (India) Ltd.
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Stock closed the week on adverse note losing three.74%
Week Higher: 1,214.90
Week Low: 1,169.50
Week Variety: 45.40
Technically on the everyday charts EquityPandit’s Analyst see: Minor help on the downside lies at 1145- 1150 levels, Minor resistance on the upside is capped about 1190– 1195 levels.
If stock breaches minor help on the downside and closes under it we might see fresh break down and stock can drag towards Big Help on decrease side @ 1190- 1180 and If stock breaches minor resistance on the upside and closes above it we might see fresh breakout and stock can head towards Big Resistances Level @ 1225– 1230
Stock is trading above 200 days exponential moving typical, suggests extended term trend is bullish. EquityPandit predicts variety for the week as 1225- 1230 on upside and 1190- 1180 on downside.