EquityPandit’s Outlook for Colgate Palmoilve for the week (December 07, 2015 – December 11, 2015):

COLGATE PALMOLIVE:

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 980 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels 1010 where upper end of the downward sloping channel is positioned. During the week the stock manages to hit a high of 985 and retraced to close the week around the levels of 975.

Support for the stock lies in the zone of 935 to 940 from where the stock has broken out. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 885 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 990 where 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels 1000 where upper end of the downward sloping channel is positioned.

Broad range for the stock is seen between 940 to 950 on lower end and 990 to 1000 on upper end.