EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 29, 2018 – Nov 02, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that 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 are lying. During the week the stock manages to hit a high of 1149 and close the week around the levels of 1106.

Minor support for the stock lies around 1075 to 1085. Support for the stock lies in the zone of 1050 to 1060 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where the stock has formed a short term bottom.

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 are lying.

Broad range for the stock is seen between 1030 to 1050 on downside & 1150 to 1170 on upside.