EquityPandit’s Outlook for DABUR for the week  (May 29, 2017 – June 02, 2017) :

DABUR:

Dabur closed the week on negative note losing around 2.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 273 to 276. Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017. During the week the stock manages to hit a low of 265 and close the week around the levels of 270.

Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017.

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.

Broad range for the stock in the coming week can be seen between 262 to 265 on downside & 280 to 282 on upside.