EquityPandit’s Outlook for DABUR for the week  (Sep 03, 2018 – Sep 07, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that the stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 475 to 480. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505. During the week the stock manages to hit a high of 491 and close the week around the levels of 479.

Minor support for the stock lies in the zone of 465 to 470. Support for the stock lies in the zone of 445 to 450 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 420 to 425 from where the stock has broken out.

The stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 485 to 490. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505.

Broad range for the stock in the coming week can be seen between 445 to 450 on downside & 500 to 505 on upside.