Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (June 14,2021 – June 18,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 565.20 (NSE)
Dabur closed the Weekly on Positive Note Gaining 3.89%
Weekly High: 566.20
Weekly Low: 542.40
Weekly Range: 23.80 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 581 |
| RESISTANCE 1 | 573 |
| SUPPORT 1 | 550 |
| SUPPORT 2 | 535 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 550 levels, Minor resistance on the upside is capped around 573 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 @ 535 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 @ 581
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 581 on upside and 535 on downside.
On the daily chart stock is moving in the form of Higher highs and Higher lows formation. Prices reached its 261.8% extension target near 568 level. Now the 568 level has become key resistance for stock. Further it is important to see whether prices reverse or break down from the same.
