EquityPandit’s Outlook for Colgate Palmolive for the week (Apr 02, 2018 – Apr 06, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1130 to 1140 from where the stock broke down after consolidation. During the week the stock manages to hit a high of 1064 and close the week around the levels of 1057.

Support for the stock lies in the zone of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 980 to 1000.

Resistance for the stock lies in the zone of 1070 to 1080 where short; medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1130 to 1140 from where the stock broke down after consolidation.

Broad range for the stock is seen between 980 to 1000 on downside & 1100 to 1120 on upside.