Signals, Powered By EquityPandit
DABUR Weekly Outlook and Analysis:
For the Week: (March 15,2021 – March 19,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price : 523.45 (NSE)
Dabur closed the Weekly on Negative Note Losing 0.18%
Weekly High: 534.40
Weekly Low: 519
Weekly Range: 15.40 points
Weekly Support & Resistance for DABUR:
| RESISTANCE 2 | 540 |
| RESISTANCE 1 | 532 |
| SUPPORT 1 | 517 |
| SUPPORT 2 | 510 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 517 levels, Minor resistance on the upside is capped around 532 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 @ 510 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 @ 540
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 540 on upside and 510 on downside.
As seen on daily chart Bearish Engulfing pattern appeared on the candle. The trend for DABUR INDIA LTD. seems to be sideways to negative. Price can take support near 519 levels.
