EquityPandit’s Outlook for DABUR for the week (April 25, 2016 – April 29, 2016):

DABUR:

Dabur closed the week on negative note losing around 1.00%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290. During the week the stock manages to hit a high of 275 and close the week around the levels of 265.

The stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 where 500 Daily SMA is lying.

Broad range for the stock is seen between 250 to 255 on lower end and 270 to 275 on upper end.