EquityPandit’s Outlook for Colgate Palmolive for the week  (Sep 18, 2017 – Sep 22, 2017) :

COLGATE PALMOLIVE:

Colgate Palmolive closed the week on negative note losing around 1.80%.

As we have mentioned last week that the stock is trading at life time highs so virtually so no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200. During the week the stock manages to hit a high of 1178 and close the week around the levels of 1138.

Support for the stock lies in the zone of 1130 to 1135 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1090 where Fibonacci level and short term moving average are lying.

The stock is trading at life time highs so virtually no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200.

Broad range for the stock is seen between 1050 to 1060 on downside & 1170 to 1180 on upside.