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

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

ISIN: INE016A01026

Technically on the daily charts EquityPandits Analyst see: Minor support on the drawback lies at 498 levels, Minor resistance on the benefit is topped around 523 levels.

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

RESISTANCE 1.
523.

Weekly Range: 25.35 points.

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If stock breaches small support on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 482 and If stock breaches minor resistance on the benefit and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 533.

ASSISTANCE 1.
498.

Weekly Support & & Resistance for DABUR:.

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

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

Weekly Low: 492.05.

Dabur closed the Weekly on positive note gaining 4.30%.

SECTOR: FMCG.

Weekly High: 517.40.

RESISTANCE 2.
533.

SUPPORT 2.
482

Dabur Share Price: 513.80 NSE.