EquityPandit’s Outlook for DABUR for the week (June 17, 2019 – June 21, 2019):
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on negative note losing –1.16%
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 400 levels, Minor resistance on the upside is capped around 411 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 @ 389 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 @ 421
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 421 on upside and 389 on downside.