Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Aug 10,2020 – Aug 14,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
DABUR Share Price : 512.30 NSE
Stock closed the week on flat note
Week High: 518.65
Week Low: 501.00
Week Range: 17.65 points
Weekly Support & Resistance Levels for Dabur India Limited:
| RESISTANCE 2 | 528 |
| RESISTANCE 1 | 520 |
| SUPPORT 1 | 502 |
| SUPPORT 2 | 493 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 502 levels, Minor resistance on the upside is capped around 520 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 @ 493 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 @ 528
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 528 on upside and 493 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 530 level.
