EquityPandit’s Outlook for DABUR for the week  (April 10, 2017 – April 13, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 1.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 280 to 282. If the stock manages to close above these levels then the stock can move to the levels of 286 to 288 where Fibonacci level and 200 Daily SMA is lying. During the week the stock manages to hit a high of 285 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 276 to 278. Support for the stock lies in the zone of 271 to 273 where the stock has taken multiple support on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 280 to 282. If the stock manages to close above these levels then the stock can move to the levels of 286 to 288 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 271 to 273 on downside & 288 to 290 on upside.