EquityPandit’s Outlook for Colgate Palmolive for the week (May 27, 2019 – May 31,2019)

COLGATE PALMOLIVE:

Colgate-Palmolive (India) Ltd.

BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG

Stock closed the week on positive note gaining +1.71%

Week High: 1,168.80

Week Low: 1,142.25

Week Range: 26.55

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1145 levels, Minor resistance on the upside is capped around 1190 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1106 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1222

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 1222 on upside and 1106 on downside.