Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Feb 01,2021 – Feb 05,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 514.55 (NSE)
Dabur closed the Weekly on Negative Note Losing 4.85%
Weekly High: 541.30
Weekly Low: 511.35
Weekly Range: 29.95 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 552 |
| RESISTANCE 1 | 533 |
| SUPPORT 1 | 503 |
| SUPPORT 2 | 492 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 503 levels, Minor resistance on the upside is capped around 533 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 @ 492 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 @ 552
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 552 on upside and 492 on downside.
As seen on daily chart DABUR share price seems to be in negative zone for near term. A falling window occurred on the candles. Stock closed below 100 EMA support on daily chart which indicates more weakness towards down side.
