EquityPandit’s Outlook for DABUR for the week (November 07, 2016 – November 11, 2016) :

DABUR:

Dabur closed the week on positive note gaining around 2.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 294 to 296. Resistance for the stock lies in the zone of 299 to 301 from where the stock has sold off in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 305 to 310. During the week the stock manages to hit a high of 301 and close the week around the levels of 298.

Minor support for the stock lies in the zone of 290 to 293. Support for the stock lies in the zone of 286 to 288 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 280 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 299 to 301 from where the stock has sold off in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 305 to 310.

Broad range for the stock is seen between 285 to 288 on lower end and 310 to 315 on upper end.