EquityPandit’s Outlook for DABUR for the week (June 06, 2016 – June 10, 2016):

DABUR:

Dabur closed the week on positive note gaining around 3.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 300 to 303 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 312 to 315 where life time high for the stock is lying. During the week the stock manages to hit a high of 307 and close the week around the levels of 306.

Resistance for the stock lies in the zone of 312 to 315 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Minor support for the stock lies in the zone of 295 to 300. Support for the stock is lying in the zone of 277 to 280 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where 200 Daily SMA is lying.

Broad range for the stock is seen between 285 to 290 on lower end and 312 to 315 on upper end.