Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Dec 28,2020 – Jan 01,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 514.55 (NSE)
Dabur closed the Weekly on positive note gaining 2.29%
Weekly High: 515.75
Weekly Low: 492.55
Weekly Range: 23.20 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 532 |
| RESISTANCE 1 | 523 |
| SUPPORT 1 | 500 |
| SUPPORT 2 | 485 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 500 levels, Minor resistance on the upside is capped around 523 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 @ 485 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 @ 532
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 532 on upside and 485 on downside.
As seen on daily chart stock price is trading in the form of Double Bottom pattern. Price can continue to move towards 520 level Where as 100 EMA line will act as support for stock.
