EquityPandit’s Outlook for DABUR for the week (May 16, 2016 – May 20, 2016):

DABUR:

Dabur closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 275 to 280. Support for the stock lies in the zone of 270 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying. During the week the stock manages to hit a low of 284 and close the week around the levels of 289.

Minor resistance for the stock lies in the zone of 295. Resistance for the stock lies in the zone of 300 to 305. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where the stock has formed a life time high.

Minor support for the stock lies in the zone of 275 to 280. Support for the stock lies in the zone of 270 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying.

Broad range for the stock is seen between 270 to 275 on lower end and 305 to 310 on upper end.