EquityPandit’s Outlook for Colgate Palmolive for the week (Sep 17, 2018 – Sep 21, 2018) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.60%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 1076 and close the week around the levels of 1123.

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.

Minor resistance for the stock lies around 1135 to 1145. Resistance for the stock lies around 1160 to 1170 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 1070 to 1090 on downside & 1160 to 1180 on upside.