EquityPandit’s Outlook for DABUR for the week  (Jan 29, 2018 – Feb 02, 2018) :

DABUR:

Dabur closed the week on negative note losing around 1.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 355 to 358. Support for the stock lies in the zone of 345 to 350 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 335 to 340 where break out levels and medium term moving averages are lying. During the week the stock manages to hit a low of 357 and close the week around the levels of 357.

Minor support for the stock lies in the zone of 355 to 356. Support for the stock lies in the zone of 345 to 350 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 335 to 340 where break out levels and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 360 to 363. Resistance for the stock lies in the zone of 370 to 375. If the stock manages to close above these levels then the stock can move to the levels of 380 to 385.

Broad range for the stock in the coming week can be seen between 340 to 345 on downside & 370 to 375 on upside.