technical
ANALYSIS COLGATE PALMOLIVE LTD
Colgate Palmolive ltd (COLPAL )closed the week on
negative note losing around 2.00%.the stock support for the stock of 1060 to
1080 where long term moving averages and Fibonacci levels. During the week the
stock manages to hit a low of 1068 and close the week around the levels of
1102.Resistance for the stock lies around 1140 to 1160 from where the stock has
broken down and medium term moving averages are lying. If the stock manages to
close above these levels then the stock can move to the levels of 1180 to 1190
where high for the month of July-2018 and short term moving averages.
The
Colgate Palmolive (COLPAL) stock bought in future the range of 1070-1080 for
targets of 1110-1145, keeping a stop loss below 1035.
Stock resistance and
Support (weekly)
·
Resistance 1
- 1140 Support 1 - 1060
·
Resistance
2 -
1201Support 2 - 1030
·
Resistance
3 -
1267 Support 3 - 960
[FUNDAMENTALS ANALYSIS]
Colgate-Palmolive
India 39 percent (year on year) rise in net profit for the June quarter at Rs
189.51 crore. The company had reported a profit of Rs 136.38 crore for the
corresponding quarter of last year.net profit for June quarter at Rs 160
crore.Revenue from operations grew by 6.5 percent to Rs 1,041.3 crore from Rs
978.1 crore YoY. Operating profit for June quarter increased 26.6 percent to Rs
281.6 crore from Rs 222.4 crore in same period last year.
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