EquityPandit’s Outlook for DABUR for the week  (July 16, 2018 – July 20, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 378 to 382. 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. During the week the stock manages to hit a high of 383 and close the week around the levels of 376.

Support for the stock lies in the zone of 368 to 372 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 355 to 360 where break out levels and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 378 to 382. 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 360 to 365 on downside & 385 to 390 on upside.