EquityPandit’s Outlook for Colgate Palmolive for the week (Feb 12, 2018 – Feb 16, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.50%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 1082 and close the week around the levels of 1101.

Support for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017.

Minor resistance for the stock lies in the zone of 1120 to 1130. 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 1040 to 1050 on downside & 1140 to 1150 on upside.