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COLPAL Weekly Outlook and Analysis:
For the Week: (April 03, 2023 – April 07, 2023)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1507.35 (NSE)
COLPAL closed the Weekly on Positive Note Gaining 0.43%
Weekly High: 1513.35
Weekly Low: 1490.10
Weekly Range: 23.25 Points
Weekly Support & Resistance for COLPAL
| RESISTANCE 2 | 1527 |
| RESISTANCE 1 | 1517 |
| SUPPORT 1 | 1494 |
| SUPPORT 2 | 1480 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1494 levels, Minor resistance on the upside is capped around 1517 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 @ 1527
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the Weekly as 1527 on upside and 1480 on downside.
