EquityPandit’s Outlook for DABUR for the week  (Dec 26, 2017 – Dec 29, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that 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 325 and close the week around the levels of 353.

Minor support for the stock lies in the zone of 345 to 348. 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 355 to 358. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370.

Broad range for the stock in the coming week can be seen between 330 to 335 on downside & 365 to 370 on upside.