EquityPandit’s Outlook for Colgate Palmolive for the week (May 14, 2018 – May 18, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that support for the stock lies in the zone of 1070 to 1080 where short; medium & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1085 and close the week around the levels of 1109.

Support for the stock lies in the zone of 1080 to 1090 where short; medium & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the stock lies in the zone of 1130 to 1140 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1170 to 1180 where the stock has formed a top in the month of January-2018.

Broad range for the stock is seen between 1040 to 1050 on downside & 1150 to 1160 on upside.