EquityPandit’s Outlook for DABUR for the week  (Jan 22, 2018 – Jan 25, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that minor support for the stock lies in the zone of 351 to 353. 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 352 and close the week around the levels of 364.

Minor support for the stock lies in the zone of 355 to 358. Support for the stock lies in the zone of 345 to 350 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 335 to 340 where break out levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 370 to 375. 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 340 to 345 on downside & 380 to 385 on upside.