EquityPandit’s Outlook for Colgate Palmolive for the week (January 02, 2017 – January 06, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 0.30%.

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016. During the week the stock manages to hit a low of 863 and close the week around the levels of 905.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Minor resistance for the stock lies in the zone of 915 to 925. Resistance for the stock lies in the zone of 940 to 950 where the stock has formed a top in December-2016. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990.

Broad range for the stock is seen between 860 to 870 on lower end and 930 to 940 on upper end.