EquityPandit’s Outlook for DABUR for the week  (Dec 17, 2018 – Dec 21, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 8.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 396 and close the week around the levels of 444.

Support for the stock lies in the zone of 425 to 430 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 415 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 470 to 475.

Broad range for the stock in the coming week can be seen between 415 to 425 on downside & 460 to 470 on upside.