EquityPandit’s Outlook for Colgate Palmolive for the week (Mar 05, 2019 – Mar 08, 2019) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the stock lies around 1260 to 1280 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1330 to 1350 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1290 and close the week around the levels of 1246.

Support for the stock lies in the zone of 1200 to 1220 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1160 to 1180 where Fibonacci levels are lying.

Resistance for the stock lies around 1260 to 1280 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1320 where high for the month of February-2019 are lying.

Broad range for the stock is seen between 1200 to 1220 on downside & 1280 to 1300 on upside.