EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 01, 2018 – Oct 05, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.50%.

As we have mentioned last week, that support for the stock lies in the zone of 1090 to 1100 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1055 and close the week around the levels of 1081.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies around 1100 to 1110. 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 and medium term moving averages are lying.

Broad range for the stock is seen between 1050 to 1060 on downside & 1130 to 1140 on upside.