EquityPandit’s Outlook for Colgate Palmolive for the week (Jan 15, 2018 – Jan 19, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 1145 and close the week around the levels of 1140.

Support for the stock lies in the zone of 1125 to 1130 from where the stock broke out of the high formed in the month of October-2017. If the stock manages to close below these levels then the stock can drift to the levels of 1070 to 1080 where medium term moving averages are lying.

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. 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 1100 to 1110 on downside & 1180 to 1190 on upside.