EquityPandit’s Outlook for Colgate Palmolive for the week (October 10, 2016 – October 14, 2016) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 0.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 990 to 1000. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016. During the week the stock manages to hit a high of 999 and close the week around the levels of 969.

Support for the stock lies in the zone of 955 to 960 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Minor resistance for the stock lies in the zone of 985 to 995. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 940 to 945 on lower end and 990 to 995 on upper end.