EquityPandit’s Outlook for Colgate Palmolive for the week (August 29, 2016 – September 02, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 934 and close the week around the levels of 949.

Minor support for the stock lies in the zone of 935. Support for the stock lies in the zone of 910 to 920 where 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 880 to 890 where 200 Daily SMA and 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 910 to 920 on lower end and 970 to 980 on upper end.