EquityPandit’s Outlook for DABUR for the week (April 15, 2019 – April 19, 2019):
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on positive note gaining + 1.45%
Week High: 406.80
Week Low: 401.00
Week Range: 5.80
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 410- 415 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- 385 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 415- 420
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 415- 420 on upside & 390- 385 on downside.