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DABUR Weekly Outlook and Analysis:
For the Week: (Jan 18,2021 – Jan 22,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 540.75 (NSE)
Dabur closed the Weekly on Flat Note
Weekly High: 552.55
Weekly Low: 533.60
Weekly Range: 18.95 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 561 |
| RESISTANCE 1 | 551 |
| SUPPORT 1 | 532 |
| SUPPORT 2 | 524 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 532 levels, Minor resistance on the upside is capped around 551 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 @ 524 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 @ 561
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 561 on upside and 524 on downside.
As seen on daily chart DABUR share price seems to be sideways. The level of 536 would be crucial support in the near term as any breach of this level will invite incremental weakness.
