EquityPandit’s Outlook for Colgate Palmoilve for the week (October 12, 2015 – October 16, 2015):

COLGATE PALMOLIVE:

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 3.0%.

As we have mentioned last week that support for the stock lies in the zone of 927 where the stock has made a double bottom. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 880 to 900 where channel support for the stock is lying. During the week the stock manages to hit a low of 921 and close the week around the levels of 931.

Support for the stock lies in the zone of 927 where the stock has made a double bottom. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 880 to 900 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 954. If the stock manages to close above the levels of 954 then the stock can move to the levels of 980 where 100 & 200 Daily SMA are positioned.

Broad range for the stock is seen between 910 to 920 on lower end and 960 to 980 on upper end.