Dabur Outlook for the Week (Oct 05,2020 – Oct 09,2020


For the Week: (Oct 05,2020 – Oct 09,2020)

DABUR

BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG

Dabur Share Price : 513.80 NSE

Dabur closed the Weekly on positive note gaining 4.30%

Weekly High: 517.40

Weekly Low: 492.05

Weekly Range: 25.35 points

Weekly Support & Resistance for DABUR:

RESISTANCE 2 533
RESISTANCE 1 523
SUPPORT 1 498
SUPPORT 2 482

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 498 levels, Minor resistance on the upside is capped around 523 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 @ 482 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 @ 533

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 533 on upside and 482 on downside.

As seen on daily chart stock took breakout from Double Bottom pattern. The daily MACD is bullish and it trades above the signal line. In short, DABUR looks to be positive. Move towards 528 levels can be expected on upside.