EquityPandit’s Outlook for Colgate Palmolive for the week (July 06, 2020 – July 10, 2020):

COLGATE PALMOLIVE:

BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG

Stock closed the week on Negative note losing 0.6%

Week High: 1419

Week Low: 1361.50

Week Range: 57.50 points

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1356 levels, Minor resistance on the upside is capped around 1408 levels.

If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1334.50 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @1428

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the week as on 1428 upside and on 1334.50 downside.

WEEKLY PIVOT LEVELS: