EquityPandit’s Outlook for DABUR for the week  (Dec 24, 2018 – Dec 28, 2018) :

DABUR:

Dabur closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 470 to 475. During the week the stock manages to hit a high of 459 and close the week around the levels of 438.

Support for the stock lies in the zone of 425 to 430 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 415 where Fibonacci levels and short & medium term moving averages are lying.

Minor resistance for the stock lies around 440 to 445. Resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 470 to 475.

Broad range for the stock in the coming week can be seen between 410 to 420 on downside & 450 to 460 on upside.