Dabur Outlook for the Week (Aug 03,2020 – Aug 07,2020)

Week High: 515.

On the day-to-day chart we can see that, 4th wave completed near 463 level.Price went high greatly in last 4 trading session. Wave 5th is seems to be progressing in upward way. The trend for DABUR INDIA LTD. Is plainly bullish. Cost can continue to move towards 527 level.

Dabur Weekly Support & & Resistance Levels:.

RESISTANCE 1.
532.

SUPPORT 2.
445.

Stock closed the week on favorable not gaining 8.9%.

DABUR INDIA Ltd SHARE PRICE: 513.55 NSE.

ASSISTANCE 1.
479.

Technically on the daily charts EquityPandits Analyst see: Minor support on the downside lies at 479 levels, Minor resistance on the upside is capped around 532 levels.

SECTOR: FMCG.

RESISTANCE 2.
550.

Week Low: 462.95.

For the Week: (Aug 03,2020– Aug 07,2020).

Week Range: 52.05 points.

Stock is trading above 200 days exponential moving average, recommends long term trend is bullish. EquityPandit forecasts variety for the week as 550 on upside and 445 on downside.

On the daily chart we can see that, 4th wave finished near 463 level.Price went high greatly in last 4 trading session. Wave 5th is appears to be advancing in upward way. The pattern for DABUR INDIA LTD. Is plainly bullish. Price can continue to move towards 527 level.

If stock breaches minor assistance on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 445 and If stock breaches small resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 550.