EquityPandit’s Outlook for Colgate Palmolive for the week (Dec 16, 2019 – Dec 20, 2019):

COLGATE PALMOLIVE:

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

Stock closed the week on negative note loosing -0.30%

Week High: 1480.95

Week Low: 1454.75

Week Range: 26.20 points

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1447.30 levels, Minor resistance on the upside is capped around 1498.40 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 @ 1423.40 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 @ 1531.40

Stock is trading above 200 days exponential moving average, suggests long term trend is bulish. EquityPandit predict range for the week as 1531.40 on upside and 1423.40 on downside.