EquityPandit’s Outlook for Colgate Palmolive for the week (May 28, 2018 – June 01, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out. During the week the stock manages to hit a low of 1161 and close the week around the levels of 1257.

Minor support for the stock lies in the zone of 1230 to 1240. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out.

The stock is trading at life time high so virtually no resistance is visible. Resistance for the stock lies in the zone of 1300 to 1310.

Broad range for the stock is seen between 1180 to 1190 on downside & 1300 to 1310 on upside.