EquityPandit’s Outlook for Colgate Palmolive for the week (June 11, 2018 – June 15, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1230 to 1240. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out. During the week the stock manages to hit a low of 1221 and close the week around the levels of 1230.

Minor support for the stock lies in the zone of 1210 to 1220. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out.

Minor resistance for the stock lies in the zone of 1250 to 1260. Resistance for the stock lies around 1270 to 1280 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1310.

Broad range for the stock is seen between 1180 to 1190 on downside & 1270 to 1280 on upside.