Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (March 29,2021 – April 02,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1539.05(NSE)
COLPAL closed the Weekly on Negative Note Losing 2.52%
Weekly High: 1589
Weekly Low: 1519.10
Weekly Range: 69.90 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1618 |
| RESISTANCE 1 | 1578 |
| SUPPORT 1 | 1509 |
| SUPPORT 2 | 1480 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1509 levels, Minor resistance on the upside is capped around 1578 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 @ 1480 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 @ 1618
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1618 on upside and 1480 on downside.
On daily chart we can see COLPAL share price are moving in the form of Double Top pattern. f we look from an immediate short-term angle, Stock will not have any sustainable up move unless this level of 1565 is taken out.
