EquityPandit’s Outlook for DABUR for the week  (Feb 4, 2019 – Feb 8, 2019) :

DABUR:

Dabur closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that resistance for the stock lies around 435 to 440 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 450 to 455 from where the stock has broken down in the month of December-2018. During the week the stock manages to hit a high of 456 and close the week around the levels of 452.

Support for the stock lies in the zone of 435 to 440 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where Fibonacci levels are lying.

Resistance for the stock lies around 455 to 460 where high for the month of December-2018 and 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 from where the stock broke down from consolidation in the month of September-2018.

Broad range for the stock in the coming week can be seen between 430 to 435 on downside & 465 to 470 on upside.