Dabur India Limited Stock Forecast
Stronger technical forecast for Dabur India Limited stock price after Thursday trading.
(Updated on May 02, 2024)
The Dabur India Limited stock price gained 3.46% on the last trading day (Thursday, 2nd May 2024), rising from ₹507.75 to ₹525.30. During the last trading day the stock fluctuated 5.52% from a day low at ₹508.00 to a day high of ₹536.05. The price has risen in 7 of the last 10 days and is up by 4.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ₹3.72 billion.
Given the current short-term trend, the stock is expected to fall -7.56% during the next 3 months and, with a 90% probability hold a price between ₹449.66 and ₹485.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DABUR.NS Signals & Forecast
The Dabur India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹510.34 and ₹514.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 6.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Dabur India Limited stock
Dabur India Limited finds support from accumulated volume at ₹507.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹28.05 between high and low, or 5.52%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: ₹501.31 (-4.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (DABUR.NS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dabur India Limited to open at ₹523.12, and during the day (based on 14 day Average True Range), to move between ₹516.79 and ₹533.81, which gives a possible trading interval of +/-₹8.51 (+/-1.62%) up or down from last closing price. If Dabur India Limited takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹535.60 (1.96%) than the support at ₹507.90 (3.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Dabur India Limited stock A Buy?
Dabur India Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Dabur India Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₹523.12 ( 0.416%) | ₹525.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DABUR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 551.17 | 4.92 % | |
| R2 | 540.45 | 2.88 % | ||
| R1 | 533.83 | 1.62 % | ||
| Current price: | 525.30 | |||
| Support | S1 | 512.40 | -2.46 % | |
| S2 | 505.78 | -3.72 % | ||
| S3 | 495.07 | -5.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 538.15 | 2.45 % | |
| R2 | 536.25 | 2.08 % | ||
| R1 | 535.60 | 1.96 % | ||
| Current price | 525.30 | |||
| Support | S1 | 507.90 | -3.31% | |
| S2 | 506.05 | -3.66% | ||
| S3 | 500.60 | -4.70% |
DABUR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2023 | Nov 10, 2023 | Nov 10, 2023 | ₹0 | 0% |
| 2 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ₹2.70 | 0.478% |
| 3 | Nov 03, 2022 | Nov 03, 2022 | Nov 03, 2022 | ₹2.50 | 0.450% |
| 4 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | ₹2.70 | 0.472% |
| 5 | Nov 11, 2021 | Nov 11, 2021 | Nov 11, 2021 | ₹2.50 | 0.417% |
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