Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (April 26,2021 – April 30,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1514.10 (NSE)
COLPAL closed the Weekly on Negative Note Losing 3.61%
Weekly High: 1568
Weekly Low: 1501.50
Weekly Range: 66.50 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1594 |
| RESISTANCE 1 | 1554 |
| SUPPORT 1 | 1488 |
| SUPPORT 2 | 1462 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1488 levels, Minor resistance on the upside is capped around 1554 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 @ 1462 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 @ 1594.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1594 on upside and 1462 on downside.
On the daily charts we can see COLPAL share price are sustaining above the channel support line. Further it is important to see whether price reverse or break down from the same support.
