COLPAL Weekly Outlook and Analysis:

For the Week: (Aug 31,2020 – Sept 04,2020)

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

Colgate Share Price : 1390.20 (NSE)

COLPAL closed the Weekly on negative note losing 1.45%.

Weekly High: 1425.00

Weekly Low: 1387.70

Weekly Range: 37.30 points

Weekly Support & Resistance for COLPAL:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1377 levels, Minor resistance on the upside is capped around 1414 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 @ 1364 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 @ 1438

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1438 upside and 1364 on downside.

On the daily chart we can see that , COLPAL took breakout from rising channel pattern. Stock closed above 100 EMA support line.
A black body appeared on the candle. Stock can move towards 1360 levels on downside.