EquityPandit’s Outlook for DABUR for the week (Mar 11, 2019 – Mar 15, 2019) :
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on negative note losing -1.37%
Week High: 445.20
Week Low: 432.50
Week Range: 12.70
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for DABUR at 420 -415 levels, whereas minor resistance on the upside is capped around 440- 445 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 390-400 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 460- 465
Currently trend for the stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit’s predicts DABUR range for the week is seen from 460 -465 on upside & 390- 400 on downside.