EquityPandit’s Outlook for Colgate Palmolive for the week (July 20,2020 – July 24, 2020):

COLGATE PALMOLIVE:

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

Stock closed the week on Positive note gaining 2.42%

Week High: 1449.45

Week Low: 1383.80

Week Range: 65.65 points

Colgate-Palmolive (India) Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1381 levels, Minor resistance on the upside is capped around 1449 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 @ 1367 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 @1484

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the week as on 1484 upside and on 1367 downside.

WEEKLY PIVOT LEVELS: