EquityPandit’s Outlook for DABUR for the week  (Nov 06, 2017 – Nov 10, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 5.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 319 to 321. Support for the stock lies in the zone of 314 to 316 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 310 to 312 where short term moving averages are lying. During the week the stock manages to hit a low of 318 and close the week around the levels of 340.

Support for the stock lies in the zone of 334 to 336 from where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 325 to 328 from where the stock broke out of October-2017 highs.

Resistance for the stock lies in the zone of 345 to 350. If the stock manages to close above these levels then the stock can move to the levels of 360 to 365.

Broad range for the stock in the coming week can be seen between 320 to 325 on downside & 360 to 365 on upside.