EquityPandit’s Outlook for DABUR for the week (April 01, 2019 – April 05, 2019):
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on negative note losing -3.74%
Week High: 424.95
Week Low: 409.05
Week Range: 15.90
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for DABUR at 400- 395 levels, whereas minor resistance on the upside is capped around 415- 420 levels.
If stock breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 380- 375 and if stock breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 430- 435
Currently trend for the stock is bearish as stock trading below 200 days exponential moving averages. EquityPandit’s predicts DABUR range for the week is seen from 430- 435 on upside & 380- 375 on downside.