EquityPandit’s Outlook for DABUR for the week (November 28, 2016 – December 02, 2016) :

DABUR:

Dabur closed the week on negative note losing around 1.10%.

As we have mentioned last week that 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 270 to 272 where 500 Daily SMA is lying. During the week the stock manages to hit a low of 274 and close the week around the levels of 275.

Support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016.

Resistance for the stock lies in the zone of 282 to 284 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 295 to 298.

Broad range for the stock is seen between 268 to 270 on lower end and 285 to 290 on upper end.