EquityPandit’s Outlook for DABUR for the week (May 06,2019 – May 10,2019):
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on negative note losing -4.20%
Week High: 398.75
Week Low: 382.00
Week Range: 16.75
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 375–372 levels, Minor resistance on the upside is capped around 395- 397 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 @ 360- 358 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 360- 358 on downside.