EquityPandit’s Outlook for DABUR for the week (July 20,2020 – July 24, 2020):

DABUR:

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

Stock closed the week on Positive note gaining 3.5%

Week High:495.35

Week Low:474.50

Week Range :20.85 points

Dabur India Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 477 levels, Minor resistance on the upside is capped around 496 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 @ 471 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 @ 505

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as on upside 505 and 471 on downside.

WEEKLY PIVOT LEVELS: