Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Nov 09,2020 – Nov 13,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 527.20(NSE)
Dabur closed the Weekly on positive note gaining 3.07%
Weekly High: 530
Weekly Low: 504.05
Weekly Range: 25.95 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 546 |
| RESISTANCE 1 | 536 |
| SUPPORT 1 | 510 |
| SUPPORT 2 | 494 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 510 levels, Minor resistance on the upside is capped around 536 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 @ 494 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 @ 546
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 546 on upside and 494 on downside.
As seen on daily chart stock closes above trend line break out on daily chart. Bullish white body appeared on the candle. In nutshell, DABUR seems to be positive. Where as 161.8% Fibonacci retracement level 1490 will act as support for stock.
