EquityPandit’s Outlook for Colgate Palmolive for the week (Sep 10, 2018 – Sep 14, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 2.30%.

As we have mentioned last week, that resistance for the stock lies around 1180 to 1200 where high for the month of July-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1230 to 1240 from where the stock broke down after consolidation. During the week the stock manages to hit a high of 1198 and close the week around the levels of 1142.

Support for the stock lies in the zone of 1120 to 1130 where short & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1090 to 1100 where Fibonacci levels are lying.

Resistance for the stock lies around 1150 to 1160 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200 where high for the month of July-2018 is lying.

Broad range for the stock is seen between 1090 to 1110 on downside & 1200 to 1220 on upside.