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Price and trend forecast of DABUR for Tomorrow, Weekly, Monthly

Dabur India Limited

Symbol: NSE:DABUR

ISIN: INE016A01026

509.45

As on 2024-04-24

489.20 (52W Low) 597.10 (52W High)

DABUR's Today's Performance

Dabur India Limited started the day by opening at 509.90 today 2024-04-24. Its shares reached a high of 509.90 and dipped to a low of 507.65 in intraday. When the markets closed, DABUR’s stock price settled at ₹509.45 per share. Also check out its key support and resistance levels.

DABUR Buy/Sell Targets

Tomorrow, buy DABUR when its price reaches ₹ 509.45 with a stop-loss order at ₹ 507.42. You can set the target price as ₹ 511.48 to capture potential gains. This buy 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 1 510
Tomorrow Down Target 2 511
Tomorrow Down Target 3 513

Important Levels for DABUR

Holding Levels Value in ₹
Tomorrow Up Target 1 508
Tomorrow Up Target 2 507
Tomorrow Up Target 3 506
Based on where the stock opens tomorrow, if DABUR opens on a positive note, our first target will be ₹510. If Target 1 is achieved, we will aim for Target 2 which is ₹511.

But if DABUR falls below the average value of ₹509.00, you can enter a sell side position with target number 1 - ₹508 and second target - ₹507 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 Decreasing 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 Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DABUR is moderate bullish.

Tomorrow's Volume based share price Forecast for DABUR

DABUR's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 3%.

Reversal detection for DABUR

Predicted trend chart of DABUR tomorrow for price forecast
DABUR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹508 in morning tomorrow
Target 1 tomorrow510
Target 2 tomorrow510
Target 3 tomorrow511
 

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 ₹510.35. If Target 1 is achieved, we will aim for Target 2 which is ₹511.25.

But if DABUR falls below the average value of ₹509.00, you can enter a sell side position with target number 1 - ₹508.10 and second target - ₹506.75

DABUR's Weekly Targets
1st Up Target 512.17
2nd Up Target 514.88
1st Down Target 505.02
2nd Down Target 500.58

As the week for DABUR ended on bullish sentiments, we can expect further continuation of this sentiment. DABUR's initial target will be 512.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 505.02 in the upcoming week.

Weekly OHLC Values
Open 507.40
High 510.45
Low 503.30
Close 509.45

Week for DABUR started with an open price of 507.40, and the close was at 509.45. DABUR reached the highest of 510.45 and dipped lowest up to 503.30 last week. This indicates a bullish sentiment for the week.

DABUR full month swing targets
Monthly Up Target 1 519.32
Monthly Up Target 2 522.03
Monthly Down Target 1 497.87
Monthly Down Target 2 486.28

Targets of ₹519.32 can be expected to be reached in the coming month. Once DABUR achieved this target, we can aim for the next upside target of ₹522.03.

DABUR if fails to hold upside, down targets of ₹497.87 and ₹486.28 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.

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Summary

DABUR is expected to reach the target of 510.35 in tomorrow's trading session.

After achieving the initial target in DABUR, we will aim for higher targets of 511.25 tomorrow.

However, if DABUR starts to trade below ₹509.00, then we will shift our focus to the sell side and aim for down targets of 508.10 and 506.75.