EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 08, 2018 – Oct 12, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor resistance for the stock lies around 1100 to 1110. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a high of 1109 and close the week around the levels 1070.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies around 1090 to 1100. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying.

Broad range for the stock is seen between 1020 to 1030 on downside & 1110 to 1120 on upside.