COLPAL Weekly Outlook and Analysis:

For the Week: (March 08,2021 – March 12,2021)

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

Colgate Share Price : 1633.90 (NSE)

COLPAL closed the Weekly on Positive Note Gaining 3.33%

Weekly High: 1649.75

Weekly Low: 1565.25

Weekly Range: 84.50 Points

Weekly Support & Resistance for COLPAL:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1583 levels, Minor resistance on the upside is capped around 1667 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 @ 1532 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 @ 1700

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1700 on upside and 1532 on downside.

On the daily chart we can see COLPAL share are moving in the form of Double bottom pattern. Stock is facing hurdle near 1650 zone which has now become important resistance for stock.  If we look from an immediate short-term angle, stock will not have any sustainable up move unless this level of 1650 is taken out