EquityPandit’s Outlook for DABUR for the week (October 24, 2016 – October 28, 2016) :

DABUR:

Dabur closed the week on positive note gaining around 1.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016. During the week the stock manages to hit a high of 286 and close the week around the levels of 285.

Support for the stock lies in the zone of 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016.

Broad range for the stock is seen between 277 to 279 on lower end and 292 to 295 on upper end.