EquityPandit’s Outlook for DABUR for the week (June 15, 2020 – June 19, 2020):

DABUR:

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

Stock closed the week on negative note losing 1.55%

Week High:475.85

Week Low:431

Week Range: 44.85 points

Dabur India Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 444 levels, Minor resistance on the upside is capped around 463 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 @ 435 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 @ 470

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as on upside 470 and 435 on downside.

WEEKLY PIVOT LEVELS: