Price and trend forecast of DABUR for Tomorrow, Weekly, Monthly
Dabur India Limited
Symbol: NSE:DABUR
ISIN: INE016A01026
505.75
As on 2024-11-21
DABUR's Today's Performance
Dabur India Limited started the day by opening at 508.50 today 2024-11-21. Its shares reached a high of 509.40 and dipped to a low of 502.40 in intraday. When the markets closed, DABUR’s stock price settled at ₹505.75 per share. Also check out its key support and resistance levels.
DABUR Buy/Sell Targets
Tomorrow, sell DABUR when its price reaches ₹ 505.75 with a stop-loss order at ₹ 508.31. You can set the target price as ₹ 503.19 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of DABUR for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for DABUR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 509 |
| Tomorrow Down Target 2 | 513 |
| Tomorrow Down Target 3 | 516 |
Important Levels for DABUR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 502 |
| Tomorrow Up Target 2 | 499 |
| Tomorrow Up Target 3 | 495 |
Based on where the stock opens tomorrow, if DABUR opens on a positive note, our first target will be ₹509. If Target 1 is achieved, we will aim for Target 2 which is ₹513.
But if DABUR falls below the average value of ₹505.85, you can enter a sell side position with target number 1 - ₹502 and second target - ₹499 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of DABUR
Looking at DABUR, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, DABUR has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DABUR is strong bearish.
Tomorrow's Volume based share price Forecast for DABUR
DABUR's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 3%.
Reversal detection for DABUR
DABUR may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹508 in morning tomorrow
| Target 1 tomorrow | 509 |
| Target 2 tomorrow | 510 |
| Target 3 tomorrow | 513 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with DABUR's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if DABUR opens on a positive note, our first target will be ₹509.30. If Target 1 is achieved, we will aim for Target 2 which is ₹512.85.
But if DABUR falls below the average value of ₹505.85, you can enter a sell side position with target number 1 - ₹502.30 and second target - ₹498.85
DABUR's Weekly Targets
| 1st Up Target | 513.83 |
| 2nd Up Target | 521.92 |
| 1st Down Target | 498.33 |
| 2nd Down Target | 490.92 |
As the week for DABUR ended on bearish sentiments, we can expect further continuation of this sentiment. DABUR's initial target will be 513.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 498.33 in the upcoming week.
Weekly OHLC Values
| Open | 509.10 |
| High | 514.50 |
| Low | 499.00 |
| Close | 505.75 |
Week for DABUR started with an open price of 509.10, and the close was at 505.75. DABUR reached the highest of 514.50 and dipped lowest up to 499.00 last week. This indicates a bearish sentiment for the week.
DABUR full month swing targets
| Monthly Up Target 1 | 529.33 |
| Monthly Up Target 2 | 537.42 |
| Monthly Down Target 1 | 482.83 |
| Monthly Down Target 2 | 459.92 |
Targets of ₹529.33 can be expected to be reached in the coming month. Once DABUR achieved this target, we can aim for the next upside target of ₹537.42.
DABUR if fails to hold upside, down targets of ₹482.83 and ₹459.92 can be achieved by end of this month.
For complete three weeks if DABUR is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as DABUR
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
DABUR is expected to reach the target of 509.30 in tomorrow's trading session.
After achieving the initial target in DABUR, we will aim for higher targets of 512.85 tomorrow.
However, if DABUR starts to trade below ₹505.85, then we will shift our focus to the sell side and aim for down targets of 502.30 and 498.85.