EquityPandit’s Outlook for Colgate Palmolive for the week  (Oct 16, 2017 – Oct 19, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1090 to 1100. Resistance for the stock lies in the zone of 1130 to 1135 from where the stock has broken down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160. During the week the stock manages to hit a high of 1126 and close the week around the levels of 1092.

Minor support for the stock lies in the zone of 1070 to 1075. Support for the stock lies in the zone of 1040 to 1050 from where the stock has broken out of April-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where 200 daily moving averages are lying.

Minor resistance for the stock lies in the zone of 1090 to 1100. Resistance for the stock lies in the zone of 1130 to 1135 from where the stock has broken down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160.

Broad range for the stock is seen between 1050 to 1060 on downside & 1130 to 1140 on upside.