Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (March 08,2021 – March 12,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 524.40 (NSE)
Dabur closed the Weekly on Positive Note Gaining 4.23%
Weekly High: 528.90
Weekly Low: 502.80
Weekly Range: 26.10points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 543 |
| RESISTANCE 1 | 534 |
| SUPPORT 1 | 509 |
| SUPPORT 2 | 494 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 509 levels, Minor resistance on the upside is capped around 534 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 @ 494 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 @ 543
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 543 on upside and 494 on downside.
As seen on daily chart we can see this week was bullish for the stock . Dabur share price is trading above trend line support . To continue its corrective move stock need to close above 529 level on daily basis.
