EquityPandit’s Outlook for Colgate Palmolive for the week (December 19, 2016 – December 23, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 897 and close the week around the levels of 910.

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.

Minor resistance for the stock lies in the zone of 925 to 930. 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 860 to 870 on lower end and 930 to 940 on upper end.