Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (Sept 07,2020 – Sept 11,2020)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 483.80 NSE
Dabur closed the Weekly on negative note losing 1.08%
Weekly High: 497.30
Weekly Low: 470.90
Weekly Range: 26.40 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 510 |
| RESISTANCE 1 | 497 |
| SUPPORT 1 | 471 |
| SUPPORT 2 | 458 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 471 levels, Minor resistance on the upside is capped around 497 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 @ 458 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 @ 510
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 510 on upside and 458 on downside.
On daily chart we can see DABUR share price are sustaining above the trend line support and there were two possibilities either break above or reversed. Also a Black body appeared on the candle.
