EquityPandit’s Outlook for Colgate Palmolive for the week (Feb 19, 2018 – Feb 23, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.20%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 1068 and close the week around the levels of 1077.

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 1100 to 1110. Resistance for the stock lies in the zone of 1130 to 1140 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1180 where the stock has formed a high in the month of September-2017 and January-2018.

Broad range for the stock is seen between 1020 to 1030 on downside & 1120 to 1130 on upside.