EquityPandit’s Outlook for DABUR for the week (Oct 7, 2019 – Oct 11, 2019):
Dabur India Ltd.
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Stock closed the week on negative note loosing –4.95%
Week High: 447.15
Week Low: 425
Week Range: 22.15 points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 414.70 levels, Minor resistance on the upside is capped around 442 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 @ 398.50 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 @ 470
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 491on upside and 418 on downside.