Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (March 22,2021 – March 26,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 524.80 (NSE)
Dabur closed the Weekly on Positive Note Gaining 0.26%
Weekly High: 533.50
Weekly Low: 516
Weekly Range: 17.50 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 541 |
| RESISTANCE 1 | 533 |
| SUPPORT 1 | 516 |
| SUPPORT 2 | 507 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 516 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 @ 507and 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 @ 541
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 541 on upside and 507 on downside.
As seen on daily chart DABUR share price manage to close above 100 EMA support. A Positive window occurred on the candles.
Break above 527 levels which could take prices toward 535 levels or higher levels.
