COLPAL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for COLPAL (Colgate-Palmolive India Ltd.)

Technical Rating: 2.6

📉 Trend Status & Chart Patterns

Trend Status: The stock is in a strong reversal phase, having declined sharply from its 52-week high of ₹3,893 to near its 52-week low.

Pattern Observed: A falling wedge is forming, which could eventually signal a bullish reversal—but confirmation is lacking.

Price Action: Trading well below both 50 DMA and 200 DMA, indicating sustained bearish pressure.

📈 Moving Averages

50 DMA: ₹2,407 — Current price is below, confirming short-term weakness.

200 DMA: ₹2,600 — Also below, reinforcing medium-term bearishness.

Signal: Bearish alignment; no crossover support.

📊 RSI & MACD

RSI: 24.1 — Deep in oversold territory, suggesting potential for a technical bounce.

MACD: -53.7 — Strong negative divergence, confirming bearish momentum.

Signal: Momentum is weak; oversold conditions may attract short-term buyers.

📉 Bollinger Bands

Price is hugging the lower band, indicating oversold conditions.

Signal: Possible short-term bounce, but trend remains negative.

🔊 Volume Trends

Current Volume: 10.83 lakh vs 1-week Avg: 12.37 lakh — Below average, showing lack of buying conviction.

Signal: Weak volume confirms low participation; no accumulation signs.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,194 52-week low, psychological level

Support 2 2,136 Next downside target if breached

Resistance 1 2,237 Intraday resistance zone

Resistance 2 2,407 50 DMA, medium-term resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹2,195–₹2,220 (near support with tight stop-loss)

Exit Target: ₹2,375–₹2,400 (if bounce materializes)

Stop-Loss: ₹2,170 (below recent low)

🧭 Final Take

COLPAL is in a deep bearish reversal with weak momentum and oversold indicators. While fundamentals remain strong, technicals suggest caution. Traders should wait for confirmation of a bounce before entering. Long-term investors may consider accumulating near ₹2,195 with disciplined risk controls.

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