Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Jan 25,2021 – Jan 29,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 532.95 (NSE)
Dabur closed the Weekly on Negative Note Losing 1.44%
Weekly High: 547.45
Weekly Low: 531.30
Weekly Range: 16.15 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 553 |
| RESISTANCE 1 | 543 |
| SUPPORT 1 | 527 |
| SUPPORT 2 | 521 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 527 levels, Minor resistance on the upside is capped around 543 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 @ 521 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 @ 553
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 553 on upside and 521 on downside.
As seen on daily chart DABUR share looks to be at crucial support but with bearish move expecting for short trend .Break below 530 levels which could take prices toward 524 levels.
