EquityPandit’s Outlook for DABUR for the week  (June 05, 2017 – June 09, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 5.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 272 to 273. Resistance for the stock lies in the zone of 276 to 278 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 283 to 286 where Fibonacci levels are lying. During the week the stock manages to hit a high of 288 and close the week around the levels of 285.

Support for the stock lies in the zone of 281 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 286 to 288 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where the stock has formed a top in the month of April-2017..

Broad range for the stock in the coming week can be seen between 275 to 277 on downside & 295 to 297 on upside.