EquityPandit’s Outlook for Colgate Palmolive for the week  (Aug 14, 2017 – Aug 18, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1080 to 1090. Resistance for the stock lies in the zone of 1125 to 1135 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1080 and close the week around the levels of 1047.

Support for the stock lies in the zone of 1030 to 1040 where Fibonacci level and medium term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies in the zone of 1060 to 1070. Resistance for the stock lies in the zone of 1080 to 1090 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying.

Broad range for the stock is seen between 1000 to 1010 on downside & 1100 to 1110 on upside.