EquityPandit’s Outlook for DABUR for the week  (Apr 02, 2018 – Apr 06, 2018) :

DABUR

Dabur closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 315 and close the week around the levels of 328.

Minor support for the stock lies in the zone of 323 to 326. Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 335 to 340 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 345 to 350 where break down levels are lying.

Broad range for the stock in the coming week can be seen between 310 to 315 on downside & 340 to 345 on upside.