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COLPAL Weekly Outlook and Analysis:
For the Week: (June 19, 2023 – June 23, 2023)
COLPAL Outlook for the Week for the Week (June 19, 2023 – June 23, 2023)
BSE: 500830| NSE: COLPAL| ISIN: INE259A01022| SECTOR: FMCG
Colgate Share Price : 1659.70 (NSE)
COLPAL closed the Weekly on Positive Note Gaining 3.96%
Weekly High: 1668
Weekly Low: 1594
Weekly Range: 74 Points
Weekly Support & Resistance For Nifty Media:
| RESISTANCE 2 | 1715 |
| RESISTANCE 1 | 1687 |
| SUPPORT 1 | 1613 |
| SUPPORT 2 | 1567 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1613 levels, Minor resistance on the upside is capped around 1687 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 @ 1567 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 @ 1715
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predict range for the Weekly as 1715 on upside and 1567 on downside.
