Dabur Outlook for the Week (Sept 04,2020 – Sept 18,2020)

For the Week: (Sept 04,2020– Sept 18,2020).

As seen on day-to-day chart stock is trading in the form of double bottom pattern. Stock already took a breakout from the same and closed near 508 levels. In brief Dabur looks to be positive. Move towards 525 levels can be anticipated on benefit.

RESISTANCE 2.
533.

ASSISTANCE 2.
465.

NSE: DABUR

If stock breaches minor support on the disadvantage and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 465 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 533.

RESISTANCE 1.
521.

Dabur Share Price: 508.25 NSE.

SECTOR: FMCG.

ASSISTANCE 1.
487.

Weekly High: 511.70.

Weekly Range: 33.30 points.

Weekly Low: 478.40.

Stock is trading above 200 days exponential moving average, recommends long term trend is bullish. EquityPandit anticipates variety for the Weekly as 533 on upside and 465 on disadvantage.

Dabur closed the Weekly on positive note acquiring 5.06%.

As seen on everyday chart stock is trading in the kind of double bottom pattern. Stock currently took a breakout from the exact same and closed near 508 levels.

Weekly Support & & Resistance for DABUR:.

Technically on the everyday charts EquityPandits Analyst see: Minor support on the downside lies at 487 levels, Minor resistance on the advantage is topped around 521 levels.