EquityPandit’s Outlook for DABUR for the week  (Apr 23, 2018 – Apr 27, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 4.30%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 362 and close the week around the levels of 355.

Support for the stock lies in the zone of 343 to 348 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 334 to 338 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 365 to 370 where the stock has formed a top in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 378 to 381 where Fibonacci extension is lying.

Broad range for the stock in the coming week can be seen between 335 to 340 on downside & 370 to 375 on upside.