COLPAL Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG

COLGATE SHARE PRICE: 1423.30 NSE

Stock closed the week on positive note gaining 2.8%

Week High: 1473.95

Week Low: 1375

Week Range: 98.95 points

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1374levels, Minor resistance on the upside is capped around 1473 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 @ 1325 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 @ 1523

Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as on 1523 upside and 1325 on downside.

Pattern analysis shows that Colgate Ltd. share price test the lower level by moving towards the lower trend line of the rising channel and currently placed near the Bollinger band line support. In short term trend price can move towards 1375 levels.

COLPAL Weekly Support & Resistance Levels: