EquityPandit’s Outlook for DABUR for the week  (June 19, 2017 – June 23, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 2.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 279 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 285 to 286. 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 293 to 295 where the stock has formed a top in the month of April-2017. If the stock manages to close above these levels then the stock can move to the levels of 300 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 280 to 282 on downside & 300 to 302 on upside.