EquityPandit’s Outlook for DABUR for the week (January 04, 2016 – January 08, 2016):

DABUR:

Dabur closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong resistance zone of 275 to 280 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 290. During the week the stock manages to hit a high of 279 and close the week around the levels of 276.

The stock has closed around the strong resistance zone of 275 to 280 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 265. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

The stock has been consolidating in the tight range of 272 to 280 since last 02 weeks. A break-out on either side will move the stock further 3% to 4% in that direction.

Broad range for the stock is seen between 260 to 265 on lower end and 275 to 280 on upper end.