EquityPandit’s Outlook for DABUR for the week (February 06, 2017 – February 10, 2017) :

DABUR:

Dabur closed the week on negative note losing around 3.20%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 where the stock has formed a multiple bottom on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying. During the week the stock manages to hit a low of 267 and close the week around the levels of 268.

Support for the stock lies in the zone of 265 to 267 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 259 to 260 where the stock has formed a bottom in the month of December-2016.

Minor resistance for the stock lies in the zone of 272 to 274. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 284 to 286 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 260 to 262 on lower end and 278 to 280 on upper end.