EquityPandit’s Outlook for DABUR for the week  (Mar 26, 2018 – Mar 28, 2018) :

DABUR:

Dabur closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305. During the week the stock manages to hit a low of 312 and close the week around the levels of 318.

Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 325 to 330 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 345 to 350 where break down levels are lying.

Broad range for the stock in the coming week can be seen between 300 to 305 on downside & 330 to 335 on upside.