EquityPandit’s Outlook for DABUR for the week  (May 02, 2017 – May 05, 2017) :

DABUR:

Dabur closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the stock lies in the zone of 285 to 287 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where break out levels are lying. During the week the stock manages to hit a low of 286 and close the week around the levels of 287.

Support for the stock lies in the zone of 284 to 286 where 200 Daily MA and Fibonacci level is 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 and short & medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 289 to 291. Resistance for the stock lies in the zone of 298 to 300 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 306 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be seen between 275 to 277 on downside & 298 to 300 on upside.