EquityPandit’s Outlook for Colgate Palmolive for the week (July 04, 2016 – July 08, 2016):

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 3.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 900 to 910 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016. During the week the stock manages to hit a high of 924 and close the week around the levels of 920.

Support for the stock lies in the zone of 900 to 910 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 870 to 880 where short term moving averages are lying.

Resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock is seen between 870 to 880 on lower end and 950 to 960 on upper end.