EquityPandit’s Outlook for DABUR for the week  (Nov 19, 2018 – Nov 23, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 5.00%.

As we have mentioned last week, that 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 400 to 405 where Fibonacci levels are lying. During the week the stock manages to hit a high of 397 and close the week around the levels of 396.

Support for the stock lies in the zone of 380 to 385 where break out 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 and low for the month of July-2018 are lying.

Resistance for the stock lies around 405 to 410 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 425 to 430 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 370 to 375 on downside & 425 to 430 on upside.