Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: Sept 28,2020 – Oct 01,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 492.60 NSE
Dabur closed the Weekly on negative note losing 3.12%
Weekly High: 511.95
Weekly Low: 478.80
Weekly Range: 33.15 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 527 |
| RESISTANCE 1 | 510 |
| SUPPORT 1 | 476 |
| SUPPORT 2 | 461 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 476 levels, Minor resistance on the upside is capped around 510 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 @ 461 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 @ 527
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 527 on upside and 461 on downside.
As seen on daily chart stock is trading in the form of double bottom pattern. The overall outlook for Dabur will remain positive use pullback as buying opportunity to move towards 520 levels. Positive bias was made with the help of band Bollinger .
