EquityPandit’s Outlook for DABUR for the week (December 28, 2015 – January 01, 2016):

DABUR:

Dabur closed the week on positive note gaining around 1.10%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 275 to 280 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 290. During the week the stock manages to hit a high of 280 and retraced to close the week around the levels of 274.

The stock has closed around the strong resistance zone of 275 to 280 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 265. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

Broad range for the stock is seen between 255 to 260 on lower end and 275 to 280 on upper end.