Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (Feb 01,2021 – Feb 05,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1603.30(NSE)
COLPAL closed the Weekly on Positive note Gaining 2.63%
Weekly High: 1669.00
Weekly Low: 1495.55
Weekly Range: 173.45 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1763 |
| RESISTANCE 1 | 1683 |
| SUPPORT 1 | 1509 |
| SUPPORT 2 | 1415 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1509 levels, Minor resistance on the upside is capped around 1683 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 @ 1415 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 @ 1763
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1763 on upside and 1415 on downside.
Colgate India Q3 FY21 delivered impressive 10.1% domestic sales growth in Q3. The present structure shows that stock took exact support from 100 EMA line on daily chart. In a nutshell, trend for COLAPL is positive and can continue to move higher towards 1700 levels.
