EquityPandit’s Outlook for Colgate Palmolive for the week (November 15, 2016 – November 18, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 3.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 955 to 965. Support for the stock lies in the zone of 935 to 940 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 910 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 899 and close the week around the levels of 949.

Support for the stock lies in the zone of 935 to 940 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 910 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 960 to 970. Resistance for the stock lies in the zone of 990 to 1000 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 900 to 910 on lower end and 1000 to 1010 on upper end.