EquityPandit’s Outlook for DABUR for the week (September 26, 2016 – September 30, 2016) :

DABUR:

Dabur closed the week on negative note losing around 3.60%.

As we have mentioned last week that support for the stock is lying in the zone of 282 to 285 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 277 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 281 and close the week around the levels of 282.

Support for the stock is lying in the zone of 280 to 282 where the stock has formed a bottom in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 277 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 292 to 295 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 307 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 274 to 276 on lower end and 290 to 292 on upper end.