EquityPandit’s Outlook for DABUR for the week  (June 12, 2017 – June 16, 2017) :

DABUR:

Dabur closed the week on negative note losing around 0.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 277 and close the week around the levels of 282.

Support for the stock lies in the zone of 280 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 270 to 272 on downside & 292 to 295 on upside.