EquityPandit’s Outlook for DABUR for the week (March 16, 2020 – March 20, 2020):

DABUR:

BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG

Stock closed the week on negative note losing -9.37%

Week High: 494.95

Week Low: 403

Week Range: 91.95

Dabur India Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 445 levels, Minor resistance on the upside is capped around 460 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 @ 425 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 @ 472.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 518 on upside and 480 on downside.

Weekly Pivot Levels: