EquityPandit’s Outlook for Colgate Palmolive for the week  (Sep 11, 2017 – Sep 15, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 2.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 1100 to 1110. Support for the stock lies in the zone of 1080 to 1090 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where medium term moving averages are lying. During the week the stock manages to hit a low of 1105 and close the week around the levels of 1159.

Support for the stock lies in the zone of 1130 to 1135 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1090 where Fibonacci level and short term moving average are lying.

The stock is trading at life time highs so virtually so no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200.

Broad range for the stock is seen between 1010 to 1020 on downside & 1200 to 1210 on upside.