EquityPandit’s Outlook for DABUR for the week  (July 09, 2018 – July 13, 2018) :

DABUR:

Dabur closed the week on negative note losing around 5.50%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 369 and close the week around the levels of 370.

Support for the stock lies in the zone of 370 to 375 where Fibonacci levels 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.

Minor resistance for the stock lies in the zone of 378 to 382. 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 350 to 355 on downside & 385 to 390 on upside.