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COLPAL Weekly Outlook and Analysis:
For the Week: (April 05,2021 – April 09,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1562.95(NSE)
COLPAL closed the Weekly on Positive Note Gaining 2.86%
Weekly High: 1578
Weekly Low: 1529.85
Weekly Range: 48.15 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1605 |
| RESISTANCE 1 | 1584 |
| SUPPORT 1 | 1536 |
| SUPPORT 2 | 1509 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1536 levels, Minor resistance on the upside is capped around 1584 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 @ 1509 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 @ 1605
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1605 on upside and 1509 on downside.
On the daily charts we can see that last week was secularly bullish for the stock. Move towards 1608-1610 levels can be expected on upside. This outlook is valid as long as 1519 remains protected on downside
