EquityPandit’s Outlook for DABUR for the week  (Oct 30, 2017 – Nov 03, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the stock lies in the zone of 314 to 316 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 308 to 310 where short term moving averages are lying. During the week the stock manages to hit a low of 314 and close the week around the levels of 323.

Minor support for the stock lies in the zone of 319 to 321. Support for the stock lies in the zone of 314 to 316 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 310 to 312 where short term moving averages are lying.

Resistance for the stock lies in the zone of 320 to 323 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where life time high for the stock is lying.

Broad range for the stock in the coming week can be seen between 300 to 305 on downside & 335 to 340 on upside.