Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (Jan 18,2021 – Jan 22,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1562.20(NSE)
COLPAL closed the Weekly on Negative note Losing 3.25%
Weekly High: 1676.00
Weekly Low: 1558.00
Weekly Range: 118.00 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1716 |
| RESISTANCE 1 | 1640 |
| SUPPORT 1 | 1521 |
| SUPPORT 2 | 1480 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1521 levels, Minor resistance on the upside is capped around 1640 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 @ 1480 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 @ 1716
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1716 upside and 1480 on downside.
The present structure shows that COLPAL share price is moving below long term channel pattern break out towards down side. For short term view As long as it remains below the same, weakness can be seen towards 1520 levels.
