Dabur Outlook for the Week (Oct 12,2020 – Oct 16,2020)

Weekly High: 535.00.

SUPPORT 2.
496

SECTOR: FMCG.

If stock breaches small support on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 496 and If stock breaches minor resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 546.

ASSISTANCE 1.
507.

Dabur closed the Weekly on positive note getting 1.03%.

RESISTANCE 2.
546.

Technically on the everyday charts EquityPandits Analyst see: Minor support on the disadvantage lies at 507 levels, Minor resistance on the upside is topped around 532 levels.

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Weekly Low: 510.65.

For the Week: (Oct 12,2020– Oct 16,2020).

Stock is trading above 200 days rapid moving average, recommends long term pattern is bullish. EquityPandit anticipates range for the Weekly as 546 on upside and 496 on disadvantage.

As seen on daily chart stock took breakout from Double Bottom pattern and bounce off exact from 1.618% of Fibonacci retracement.For the near term 536 level has now end up being a resistance for stock. To continue with up move, break above prior day high near 536 is needed.

NSE: DABUR

Weekly Range: 24.35 points.

Dabur Share Price: 519.10 NSE.

RESISTANCE 1.
532.

Weekly Support & & Resistance for DABUR:.