EquityPandit’s Outlook for Colgate Palmoilve for the week (September 28, 2015 – October 02, 2015):

COLGATE PALMOLIVE:

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 2%.

The stock was trading ex-bonus this week.

Support for the stock lies in the zone of 927 where the stock has made a double bottom. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 880 to 900 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 980 to 990 where 100 and 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 1020 where upper end of the channel is positioned.

Broad range for the stock is seen between 920 to 930 on lower end and 980 to 990 on upper end.