Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (Aug 24,2020 – Aug 28,2020)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1410.65 (NSE)
COLPAL closed the Weekly on flat note.
Weekly High: 1443.95
Weekly Low: 1402.25
Weekly Range: 41.70 points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1461 |
| RESISTANCE 1 | 1436 |
| SUPPORT 1 | 1394 |
| SUPPORT 2 | 1377 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1394 levels, Minor resistance on the upside is capped around 1436 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 @ 1377 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 @ 1461
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1461 upside and 1377 on downside.
On the daily chart we can see that , COLPAL is moving in Double Top pattern. In last session a large black body appeared on the
candle. In short trend , Move below the weekly low that is 1402 level will drag prices more towards downside.
