EquityPandit’s Outlook for DABUR for the week  (Dec 11, 2017 – Dec 15, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 338 to 340. Support for the stock lies in the zone of 334 to 336 from where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 328 from where the stock broke out of October-2017 highs. During the week the stock manages to hit a low of 339 and close the week around the levels of 351.

Minor support for the stock lies in the zone of 345 to 347. Support for the stock lies in the zone of 334 to 336 from where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 328 from where the stock broke out of October-2017 highs.

Resistance for the stock lies in the zone of 350 to 355. If the stock manages to close above these levels then the stock can move to the levels of 360 to 365.

Broad range for the stock in the coming week can be seen between 335 to 340 on downside & 365 to 370 on upside.