Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Aug 31,2020 – Sept 04,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 489.10 NSE
Dabur closed the Weekly on flat note
Weekly High: 502.00
Weekly Low: 486.30
Weekly Range: 15.70 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 508 |
| RESISTANCE 1 | 499 |
| SUPPORT 1 | 483 |
| SUPPORT 2 | 477 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 483 levels, Minor resistance on the upside is capped around 499 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 @ 477 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 @ 508
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 508 on upside and 477 on downside.
On the daily time frame, The stock is moving in the form of descending triangle pattern. On downside break below this pattern will indicate the bigger degree down move.
