Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Aug 24,2020 – Aug 28,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 491.95 NSE
Dabur closed the Weekly on negative note losing 1.04%
Weekly High: 504.90
Weekly Low: 490.35
Weekly Range: 14.55 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 510 |
| RESISTANCE 1 | 501 |
| SUPPORT 1 | 487 |
| SUPPORT 2 | 481 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 487 levels, Minor resistance on the upside is capped around 501 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 @ 481 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 @ 510
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 510 on upside and 481 on downside.
On the daily time frame, The stock is moving in corrective wave A. Stock took exact support from 1.618% of Fibonacci retracement .
Stock has experienced range bound trade in this week. In short trend If price moves below 488-487 levels , we can see more weakness towards downside
