EquityPandit’s Outlook for DABUR for the week  (Aug 14, 2017 – Aug 18, 2017) :

DABUR:

Dabur closed the week on negative note losing around 1.30%.

As we have mentioned last week, that minor support for the stock lies in the zone of 306 to 308. Support for the stock lies in the zone of 298 to 300 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where short term moving averages and highs of the month of June-2017 is lying. During the week the stock manages to hit a low of 300 and close the week around the levels of 303.

Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 is lying.

Minor resistance for the stock lies in the zone of 308 to 310. Resistance for the stock lies in the zone of 320 to 323 where long term Fibonacci levels are lying and life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 330 to 335.

Broad range for the stock in the coming week can be seen between 292 to 294 on downside & 315 to 317 on upside.