EquityPandit’s Outlook for Colgate Palmolive for the week (July 16, 2018 – July 20, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the stock lies in the zone of 1140 to 1150 from where the stock broke out and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1100 where long term moving averages are lying. During the week the stock manages to hit a low of 1141 and close the week around the levels of 1160.

Support for the stock lies in the zone of 1140 to 1150 from where the stock broke out and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1100 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 1160 to 1170. Resistance for the stock lies around 1200 to 1220 from where the stock has broken down and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1230 to 1250.

Broad range for the stock is seen between 1100 to 1120 on downside & 1200 to 1220 on upside.