EquityPandit’s Outlook for DABUR for the week  (June 11, 2018 – June 15, 2018) :

DABUR:

Dabur closed the week on negative note losing around 1.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 375 and close the week around the levels of 382.

Minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 390 to 395 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 400 to 405.

Broad range for the stock in the coming week can be seen between 365 to 370 on downside & 400 to 405 on upside.