EquityPandit’s Outlook for Colgate Palmoilve for the week (February 15, 2016 – February 19, 2016):

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 825 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 800. During the week the stock manages to hit a low of 812 and close the week around the levels of 835.

Support for the stock lies in the zone of 800 to 810 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 760 to 770 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 860 to 870 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 850 to 860 on upper end.