EquityPandit’s Outlook for Colgate Palmolive for the week  (May 29, 2017 – June 02, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1000 to 1005. Support for the stock lies in the zone of 975 to 980 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 975 and close the week around the levels of 1000.

Support for the stock lies in the zone of 975 to 980 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 from where the stock broke out after consolidation.

Minor resistance for the stock lies in the zone of 1015 to 1020. Resistance for the stock lies in the zone of 1045 to 1055 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015.

Broad range for the stock is seen between 960 to 970 on downside & 1030 to 1040 on upside.