EquityPandit’s Outlook for DABUR for the week (May 11, 2020 – May 15, 2020):

DABUR:

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

Stock closed the week on negative note losing 2.3%

Week High:482.05

Week Low: 440.10

Week Range: 41.95 points

Dabur India Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 424 levels, Minor resistance on the upside is capped around 482.80 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 @ 400.50 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 @ 504.70

Stock is trading below200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as on upside 504.70 and 400.50 on downside.

Weekly Pivot Levels: