EquityPandit’s Outlook for DABUR for the week  (Feb 19, 2018 – Feb 23, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 345 to 350. Resistance for the stock lies in the zone of 365 to 370 where the stock has formed a top in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 380 to 385. During the week the stock manages to hit a high of 348 and close the week around the levels of 343.

Support for the stock lies in the zone of 335 to 340 where break out levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 320 from where the stock broke out of triple top pattern.

Minor resistance for the stock lies in the zone of 345 to 350. Resistance for the stock lies in the zone of 365 to 370 where the stock has formed a top in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 380 to 385.

Broad range for the stock in the coming week can be seen between 320 to 325 on downside & 360 to 365 on upside.