EquityPandit’s Outlook for DABUR for the week (May 02, 2016 – May 06, 2016):

DABUR:

Dabur closed the week on positive note gaining around 4.10%.

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 279 and close the week around the levels of 276.

Resistance for the stock lies in the zone of 280 to 285 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305.

Support for the stock lies in the zone of 270 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying.

Broad range for the stock is seen between 260 to 265 on lower end and 285 to 290 on upper end.