EquityPandit’s Outlook for Colgate Palmolive for the week (May 4, 2020 – May 8, 2020):

COLGATE PALMOLIVE:

COLPAL is one of the out performing FMCG stock and smart money flow has been seen in the counter, In the near future if we see further sell off in market we may see buying in the FMCG stocks and COLPAL will be one of the stocks to bet as its treated as Safe haven.

As far as levels for the next week is concern we may see resistance in the counter around 1570 levels and once closes above 1570 we may see fresh buying attraction in the counter, If stock closes below 1430 we may see fresh selling hitting the stock.