EquityPandit’s Outlook for DABUR for the week  (Aug 07, 2017 – Aug 11, 2017) :

DABUR:

Dabur closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor support for the stock lies in the zone of 306 to 308. Support for the stock lies in the zone of 298 to 300 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where short term moving averages and highs of the month of June-2017 is lying. During the week the stock manages to hit a low of 297 and close the week around the levels of 307.

Minor support for the stock lies in the zone of 306 to 308. Support for the stock lies in the zone of 298 to 300 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where short term moving averages and highs of the month of June-2017 is lying.

Resistance for the stock lies in the zone of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 330 to 335.

Broad range for the stock in the coming week can be seen between 295 to 297 on downside & 320 to 322 on upside.