EquityPandit’s Outlook for Colgate Palmolive for the week ( Jan 01, 2018 – Jan 05, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 1070 to 1080 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where short and long term moving averages are lying. During the week the stock manages to hit a low of 1075 and close the week around the levels of 1100.

Support for the stock lies in the zone of 1070 to 1080 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where short and long term moving averages are lying.

Resistance for the stock lies in the zone of 1125 to 1130 where the stock has formed a high in the month of October-2017. 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.

Broad range for the stock is seen between 1060 to 1070 on downside & 1140 to 1150 on upside.