Dabur Outlook for the Week (Aug 17,2020 – Aug 21,2020)

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the downside lies at 482 levels, Minor resistance on the benefit is capped around 521 levels.

RESISTANCE 1.
521.

RESISTANCE 2.
544.

Weekly Support & & Resistance for DABUR:.

Weekly Low: 488.75.

Weekly Range: 39.25 points.

For the Week: (Aug 17,2020– Aug 21,2020).

Weekly High: 528.

Stock is trading above 200 days rapid moving average, recommends long term trend is bullish. EquityPandit forecasts variety for the Weekly as 544 on benefit and 466 on disadvantage.

Dabur Share Price: 497.10 NSE.

If stock breaches minor support on the disadvantage and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 466 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 @ 544.

On the day-to-day timespan, The stock is relocating restorative wave A. Stock took exact assistance from 1.618% of Fibonacci retracement. Further it is essential to see whether cost reverse or break down from the exact same.

NSE: DABUR

SUPPORT 2.
466

.

SUPPORT 1.
482.

SECTOR: FMCG.

Dabur closed the Weekly on negative note losing 2.9%.