EquityPandit’s Outlook for DABUR for the week (August 29, 2016 – September 02, 2016) :

DABUR:

Dabur closed the week on negative note losing around 3.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 305. 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. During the week the stock manages to hit a high of 303 and close the week around the levels of 288.

Support for the stock is lying in the zone of 272 to 275 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 294 to 298 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 307 where the stock has formed a short term top.

Broad range for the stock is seen between 275 to 278 on lower end and 300 to 305 on upper end.