Dabur Outlook for the Week (Nov 09,2020 – Nov 13,2020)

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 510 levels, Minor resistance on the upside is topped around 536 levels.

If stock breaches small assistance on the drawback and closes below it we might see fresh break down and stock can drag towards Major Support on lower side @ 494 and If stock breaches small resistance on the upside and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 546.

RESISTANCE 2.
546.

Stock is trading above 200 days rapid moving average, suggests long term trend is bullish. EquityPandit anticipates variety for the Weekly as 546 on benefit and 494 on disadvantage.

As seen on daily chart stock closes above trend line break out on daily chart. Bullish white body appeared on the candle light. In nutshell, DABUR appears to be favorable. Where as 161.8% Fibonacci retracement level 1490 will act as support for stock.

Weekly High: 530.

Weekly Low: 504.05.

Weekly Support & & Resistance for DABUR:.

SECTOR: FMCG.

Dabur closed the Weekly on favorable note acquiring 3.07%.

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Dabur Share Price: 527.20( NSE).

SUPPORT 2.
494

RESISTANCE 1.
536.

ASSISTANCE 1.
510.

As seen on daily chart stock closes above pattern line break out on everyday chart. Bullish white body appeared on the candle light. In nutshell, DABUR appears to be positive. Where as 161.8% Fibonacci retracement level 1490 will act as assistance for stock.

Weekly Range: 25.95 points.

BSE: 500096

For the Week: (Nov 09,2020– Nov 13,2020).