EquityPandit’s Outlook for DABUR for the week  (Aug 06, 2018 – Aug 10, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 13.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 378 to 382. Support for the stock lies in the zone of 365 to 370 from where the stock broke out of January-2018 high and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 350 to 355 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 384 and close the week around the levels of 437.

Support for the stock lies in the zone of 420 to 425 where Fibonacci extension levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 395 to 400 from where the stock broke out of June-2018 highs.

The stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 440 to 445. If the stock manages to close above these levels then the stock can move to the levels of 455 to 460.

Broad range for the stock in the coming week can be seen between 420 to 425 on downside & 450 to 455 on upside.