Signals, Powered By EquityPandit
COLPAL Weekly Outlook and Analysis:
For the Week: Sept 28,2020 – Oct 01,2020)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1415.70 (NSE)
COLPAL closed the Weekly on positive note gaining 3.13%.
Weekly High: 1420.00
Weekly Low: 1322.15
Weekly Range: 97.85 points
Weekly Support & Resistance for COLPAL:
| RESISTANCE 2 | 1483 |
| RESISTANCE 1 | 1450 |
| SUPPORT 1 | 1351 |
| SUPPORT 2 | 1287 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1351 levels, Minor resistance on the upside is capped around 1450 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 @ 1287 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 @ 1483
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as on 1483 upside and 1287 on downside.
The present structure shows that COLPAL share price moving in the form of Double bottom pattern. We can see sharp rally bounce back from exact support of same pattern and moving above the middle Band Bollinger with fast momentum. For short term , trend for COLPAL share is bullish .
