Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (March 22,2021 – March 26,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1578.85 (NSE)
COLPAL closed the Weekly on Negative Note Losing 2.66%
Weekly High: 1625.05
Weekly Low: 1543.30
Weekly Range: 81.75 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1664 |
| RESISTANCE 1 | 1621 |
| SUPPORT 1 | 1540 |
| SUPPORT 2 | 1500 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1540 levels, Minor resistance on the upside is capped around 1621 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 @ 1500 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 @ 1664
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1664 on upside and 1500 on downside.
On daily chart we can see COLPAL share price are sustaining above the trend line support. Stock manage to close above 100 EMA support. To continue with up move, break above last day high near 1592-1595 level on closing basis is required.
