EquityPandit’s Outlook for DABUR for the week (April 29,2019 – May 03,2019):
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 EquityPandit’s Analyst see: Minor support on the downside lies at 384– 385 levels, Minor resistance on the upside is capped around 400- 401 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 365- 366 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 410- 411.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 410- 411 on upside and 365- 366 on downside.