EquityPandit’s Outlook for DABUR for the week  (Dec 10, 2018 – Dec 14, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that support for the stock lies in the zone of 395 to 400 where Fibonacci 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 380 to 385 where break out levels and long term moving averages are lying. During the week the commodity manages to hit a low of 395 and close the week around the levels of 411.

Support for the stock lies in the zone of 395 to 400 where Fibonacci levels and short & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 380 to 385 where break out levels and Fibonacci levels are lying.

Resistance for the stock lies around 415 to 420 where Fibonacci levels and medium 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 385 to 390 on downside & 430 to 435 on upside.