EquityPandit’s Outlook for DABUR for the week  ( Jan 08, 2018 – Jan 12, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 2.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 343 to 345. Support for the stock lies in the zone of 335 to 340 where the stock has taken multiple support and short term moving averages are lying. 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 346 and close the week around the levels of 358.

Minor support for the stock lies in the zone of 348 to 352. Support for the stock lies in the zone of 335 to 340 where the stock has taken multiple support and short term moving averages are lying. 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 360 where the stock has formed a top in the month of November-2017 and December-2017. If the stock manages to close above these levels then the stock can move to the levels of 370 to 375.

Broad range for the stock in the coming week can be seen between 340 to 345 on downside & 370 to 375 on upside.