EquityPandit’s Outlook for DABUR for the week  (July 02, 2018 – July 06, 2018) :

DABUR:

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

As we have mentioned last week, that resistance for the stock lies in the zone of 390 to 395 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 400 to 405. During the week the stock manages to hit a high of 396 and close the week around the levels of 391.

Minor support for the stock lies in the zone of 380 to 385. Support for the stock lies in the zone of 370 to 375 where Fibonacci levels 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 355 to 360 where break out levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 390 to 395 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 400 to 405.

Broad range for the stock in the coming week can be seen between 365 to 370 on downside & 400 to 405 on upside.