EquityPandit’s Outlook for DABUR for the week  (Nov 05, 2018 – Nov 09, 2018) :

DABUR:

Dabur closed the week on negative note losing around 7.30%.

As we have mentioned last week, that support for the stock lies in the zone of 385 to 390 where Fibonacci levels 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 360 to 365 where Fibonacci levels are lying. During the week the stock manages to hit a low of 365 and close the week around the levels of 369.

Support for the stock lies in the zone of 360 to 365 where Fibonacci levels and low for the month of July-2018 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 330 to 335 where long term Fibonacci levels are lying.

Resistance for the stock lies around 380 to 385 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 410 to 415 where Fibonacci levels and medium term moving averages are lying.

Broad range for the stock in the coming week can be seen between 345 to 350 on downside & 390 to 400 on upside.