EquityPandit’s Outlook for DABUR for the week (May 13, 2019 – May 17,2019):

DABUR:

Dabur India Ltd.

BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG

Stock closed the week on negative note losing -3.08%

Week High: 381.25

Week Low: 367.25

Week Range: 14.00

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 365–363 levels, Minor resistance on the upside is capped around 383– 385 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 @ 345– 347 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 @ 394– 395.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 410- 411 on upside and 360- 358 on downside.