Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: (Sept 07,2020 – Sept 11,2020)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1362.05 (NSE)
COLPAL closed the Weekly on negative note losing 2.02%.
Weekly High: 1400.70
Weekly Low: 1353
Weekly Range: 47.70 points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1419 |
| RESISTANCE 1 | 1390 |
| SUPPORT 1 | 1343 |
| SUPPORT 2 | 1324 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1343 levels, Minor resistance on the upside is capped around 1390 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1324 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1419
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predict range for the Weekly as on 1419 upside and 1324 on downside.
On the daily chart we can see that ,stock took break out from trend line support. The daily MACD is bearish and it trades below the signal line. In short trend move towards 1310 levels can be expected down side.
