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COLPAL Weekly Outlook and Analysis:
For the Week: (May 01, 2023 – May 05, 2023)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1595.10 (NSE)
COLPAL closed the Weekly on Negative Note Losing 0.61%
Weekly High: 1598
Weekly Low: 1540
Weekly Range: 58 Points
Weekly Support & Resistance for COLPAL
| RESISTANCE 2 | 1636 |
| RESISTANCE 1 | 1615 |
| SUPPORT 1 | 1557 |
| SUPPORT 2 | 1520 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1557 levels, Minor resistance on the upside is capped around 1615 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 @ 1520 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 @ 1636
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1636 on upside and 1520 on downside.
