EquityPandit’s Outlook for Colgate Palmoilve for the week (February 22, 2016 – February 26, 2016):

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 858 and sold off to close the week around the levels of 832.

Support for the stock lies in the zone of 810 to 815 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.