CapitalHeight:Technical Analysis Stock Colgate Palmolive ltd

            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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