DABUR Weekly Outlook and Analysis:
For the Week: (May 10,2021 – May 14,2021)
BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG
Dabur Share Price: 534.60 (NSE)
Dabur closed the Weekly on a Negative Note Losing 0.64%
Weekly High: 548.40
Weekly Low: 532.30
Weekly Range: 16.10 points
Weekly Support & Resistance for DABUR:
Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 528 levels, Minor resistance on the upside is capped around 544 levels.
If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Major Support on the lower side @ 522 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 554.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the range for the Weekly as 554 on the upside and 528 on the downside.
On the daily chart stock closed below trend line support. A bearish engulfing pattern appeared on the candle chart. The level of 532-530 would be crucial in the near term as any breach of this level will invite incremental weakness.