EquityPandit’s Outlook for DABUR for the week  (Apr 09, 2018 – Apr 13, 2018) :

DABUR

Dabur closed the week on positive note gaining around 4.40%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 344 and close the week around the levels of 343.

Support for the stock lies in the zone of 330 to 345 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 315 to 320 from where the stock broke out of triple top pattern.

Resistance for the stock lies in the zone of 345 to 350 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a top in the month of January-2018.

Broad range for the stock in the coming week can be seen between 325 to 330 on downside & 360 to 365 on upside.