EquityPandit’s Outlook for DABUR for the week  (Nov 12, 2018 – Nov 16, 2018) :

DABUR:

Dabur closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that support for the stock lies in the zone of 360 to 365 where Fibonacci levels and low for the month of July-2018 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 330 to 335 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 363 and close the week around the levels of 377.

Support for the stock lies in the zone of 360 to 365 where Fibonacci levels and low for the month of July-2018 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 330 to 335 where long term Fibonacci levels are lying.

Resistance for the stock lies around 380 to 385 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 400 to 405 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 355 to 360 on downside & 395 to 400 on upside.