Dabur Outlook for the Week (Dec 07,2020 – Dec 11,2020)


For the Week: (Dec 07,2020 – Dec 11,2020)

DABUR

BSE: 500096| NSE: DABUR| ISIN: INE016A01026| SECTOR: FMCG

Dabur Share Price : 502.30 (NSE)

Dabur closed the Weekly on positive note gaining 0.50%

Weekly High: 509.50

Weekly Low: 497.25

Weekly Range: 12.25 points

Weekly Support & Resistance for DABUR:

RESISTANCE 2 514
RESISTANCE 1 509
SUPPORT 1 496
SUPPORT 2 490

 

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 496 levels, Minor resistance on the upside is capped around 509 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 @ 490 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 @ 514

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 514 on upside and 490 on downside.

As seen on daily chart stock price is moving again in the form of triangle pattern on daily chart. If we look from an immediate short-term angle, Stock will not have any sustainable up move unless this level of 507 is taken out.