EquityPandit’s Outlook for DABUR for the week  (Jan 21, 2019 – Jan 25, 2019) :

DABUR:

Dabur closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that resistance for the stock lies around 425 to 430 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 435 to 440 where Fibonacci levels are lying. During the week the stock manages to hit a high of 438 and close the week around the levels of 424.

Support for the stock lies in the zone of 410 to 415 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 395 to 400 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies around 425 to 430 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 435 to 440 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 390 to 400 on downside & 440 to 450 on upside.