EquityPandit’s Outlook for Colgate Palmolive for the week (December 05, 2016 – December 09, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 940 to 950 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990. During the week the stock manages to hit a high of 947 and close the week around the levels of 927.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Resistance for the stock lies in the zone of 940 to 950 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper end.