Dabur Outlook for the Week Sept 28,2020 – Oct 01,2020)

For the Week: Sept 28,2020– Oct 01,2020).

ISIN: INE016A01026

Weekly High: 511.95.

Dabur Share Price: 492.60 NSE.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit forecasts range for the Weekly as 527 on advantage and 461 on disadvantage.

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RESISTANCE 1.
510.

SECTOR: FMCG.

Weekly Support & & Resistance for DABUR:.

Dabur closed the Weekly on unfavorable note losing 3.12%.

As seen on day-to-day chart stock is trading in the kind of double bottom pattern. The overall outlook for Dabur will stay favorable use pullback as purchasing opportunity to move towards 520 levels. Favorable bias was made with the help of band Bollinger.

RESISTANCE 2.
527.

ASSISTANCE 1.
476.

If stock breaches minor assistance on the disadvantage and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 461 and If stock breaches small resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 527.

As seen on everyday chart stock is trading in the kind of double bottom pattern. The total outlook for Dabur will remain positive usage pullback as buying opportunity to move towards 520 levels. Positive predisposition was made with the help of band Bollinger.

Weekly Range: 33.15 points.

SUPPORT 2.
461

Weekly Low: 478.80.

Technically on the daily charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 476 levels, Minor resistance on the benefit is topped around 510 levels.