EquityPandit’s Outlook for Colgate Palmolive for the week (Nov 19, 2018 – Nov 23, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on positive note gaining around 3.90%.

As we have mentioned last week, that resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1157 and close the week around the levels of 1148.

Support for the stock lies in the zone of 1120 to 1130 where long & medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1090 where Fibonacci levels and short term moving averages are lying.

Resistance for the stock lies around 1160 to 1170 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1190 to 1200 where high for the month of August-2018 and September-2018 is lying.

Broad range for the stock is seen between 1080 to 1090 on downside & 1190 to 1200 on upside.