Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (May 31,2021 – June 04,2021)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1711.15 (NSE)
COLPAL closed the Weekly on Positive Note Gaining 4.22%
Weekly High: 1722.75
Weekly Low: 1621.55
Weekly Range: 101.20 Points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1785 |
| RESISTANCE 1 | 1748 |
| SUPPORT 1 | 1647 |
| SUPPORT 2 | 1583 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1647 levels, Minor resistance on the upside is capped around 1748 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 @ 1583 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 @ 1785
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1785 on upside and 1583 on downside.
On Daily chart basis, Stock is moving above channel pattern break out zone. Trend for COLPAL will remain positive and break above 1725 level will price higher towards 1780 levels.
