EquityPandit’s Outlook for DABUR for the week (August 08, 2016 – August 12, 2016):

DABUR:

Dabur closed the week on negative note losing around 2.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 295 to 300. Support for the stock is lying in the zone of 285 to 288 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 293 and close the week around the levels of 296.

Support for the stock is lying in the zone of 288 to 290 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 300. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying.

Broad range for the stock is seen between 286 to 288 on lower end and 310 to 315 on upper end.