Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 560.50 (NSE)
Dabur closed the Weekly on Positive Note Gaining 4.06%
Weekly High: 566.35
Weekly Low: 534.10
Weekly Range: 32.25 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 585 |
| RESISTANCE 1 | 572 |
| SUPPORT 1 | 540 |
| SUPPORT 2 | 521 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 540 levels, Minor resistance on the upside is capped around 572 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 @ 585
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 585 on upside and 521 on downside.
On daily chart we can see share price moving above Double Bottom pattern break out. A bullish window occurred on the candles on weekly chart. Move towards 575 levels can be expected on upside. This outlook is valid as long as 552 remains protected on downside.
