COLPAL Weekly Outlook and Analysis:

For the Week: (Aug 10,2020 – Aug 14,2020)

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

COLGATE Share Price: 1456.95 NSE

Stock closed the week on positive note gaining 2.36%

Week High: 1467.45

Week Low: 1407.05

Week Range: 60.40 points

Weekly Support & Resistance Levels for Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1420 levels, Minor resistance on the upside is capped around 1480 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 @ 1383 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 @ 1504

Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as on 1504 upside and 1383 on downside.

Present structure shows that Colgate Ltd stock are now moving near upper band of Bollinger. Stock looks to be at crucial juncture but with the bullish up move expecting. Break above 1475 levels which could take prices towards1550 levels.