Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 538.05 (NSE)
Dabur closed the Weekly on Negative Note Losing 3.91%
Weekly High: 562.60
Weekly Low: 534.65
Weekly Range: 27.95 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 572 |
| RESISTANCE 1 | 555 |
| SUPPORT 1 | 528 |
| SUPPORT 2 | 518 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 528 levels, Minor resistance on the upside is capped around 555 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 @ 518 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 @ 572.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 572 on upside and 518 on downside.
On the daily chart stock placed at a crucial point as it is placed exactly at the trend line support and there are two possibilities either break below or reverse from the same level.
