EquityPandit’s Outlook for DABUR for the week  (Jan 28, 2019 – Feb 1, 2019) :

DABUR:

Dabur closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the stock lies around 425 to 430 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 435 to 440 where Fibonacci levels are lying. During the week the stock manages to hit a high of 439 and close the week around the levels of 430.

Support for the stock lies in the zone of 425 to 430 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 415 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies around 435 to 440 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 450 to 455 from where the stock has broken down in the month of December-2018.

Broad range for the stock in the coming week can be seen between 400 to 410 on downside & 450 to 460 on upside.