EquityPandit’s Outlook for DABUR for the week  (Aug 28, 2017 – Sep 01, 2017) :

DABUR:

Dabur closed the week on negative note losing around 3.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 304 to 306. Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 is lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 300.

Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 305 to 307. Resistance for the stock lies in the zone of 312 to 315 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 320 to 323 where long term Fibonacci levels are lying and life time highs for the stock is lying.

Broad range for the stock in the coming week can be seen between 290 to 292 on downside & 312 to 315 on upside.