EquityPandit’s Outlook for Colgate Palmolive for the week (August 22, 2016 – August 26, 2016):

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 970 to 980 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000. During the week the stock manages to hit a high of 979 and close the week around the levels of 958.

Minor support for the stock lies in the zone of 940. Support for the stock lies in the zone of 900 to 920 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying.

Minor Resistance for the stock lies in the zone of 970 to 980. If the stock manages to close above these levels then the stock can move to the levels of 1030.

Broad range for the stock is seen between 930 to 940 on lower end and 980 to 1000 on upper end.