EquityPandit’s Outlook for Colgate Palmolive for the week (May 26, 2020 – May 29, 2020):

COLGATE PALMOLIVE:

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

Stock closed the week on negative note losing 2.85%

Week High: 1403

Week Low: 1288.10

Week Range:114.90

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1286 levels, Minor resistance on the upside is capped around 1403.60 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 @ 1219 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 @1438 .

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the week as on 1438 upside and on 1219 downside.

Weekly Pivot Levels: