DABUR Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

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

DABUR INDIA Ltd SHARE PRICE: 513.55 NSE

Stock closed the week on positive not gaining 8.9%

Week High: 515

Week Low: 462.95

Week Range: 52.05 points

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 479 levels, Minor resistance on the upside is capped around 532 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 @ 445 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 @ 550

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 550 on upside and 445 on downside.

On the daily chart we can see that , 4th wave completed near 463 level .Price went high sharply in last 4 trading session. Wave 5th is seems to be progressing in upward manner. The trend for DABUR INDIA LTD. Is clearly bullish . Price can continue to move towards 527 level.

Dabur Weekly Support & Resistance Levels: