EquityPandit’s Outlook for Colgate Palmolive for the week (Feb 05, 2018 – Feb 09, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1160 to 1180 where the stock has formed a high in the month of September-2017. If the stock manages to close above these levels then the stock can move to the levels of 1220 to 1250. During the week the stock manages to hit a high of 1165 and close the week around the levels of 1118.

Support for the stock lies in the zone of 1100 to 1110 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1070 to 1080 where medium & long term moving averages are lying.

Minor resistance for the stock lies in the zone of 1130 to 1140. Resistance for the stock lies in the zone of 1160 to 1180 where the stock has formed a high in the month of September-2017 and January-2018. If the stock manages to close above these levels then the stock can move to the levels of 1220 to 1250.

Broad range for the stock is seen between 1070 to 1080 on downside & 1160 to 1170 on upside.