EquityPandit’s Outlook for DABUR for the week  (Aug 21, 2017 – Aug 25, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 312 and close the week around the levels of 310.

Minor support for the stock lies in the zone of 304 to 306. 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 312 to 315. 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 295 to 297 on downside & 320 to 322 on upside.