EquityPandit’s Outlook for DABUR for the week  (Oct 08, 2018 – Oct 12, 2018) :

DABUR:

Dabur closed the week on negative note losing around 1.60%.

As we have mentioned last week, that minor resistance for the stock lies around 435 to 440. Resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 where high for the month of August-2018 and September-2018 is lying. During the week the stock manages to hit a high of 443 and close the week around the levels of 420.

Support for the stock lies in the zone of 415 to 420 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 395 to 400 from where the stock broke out from June-2018 high.

Minor resistance for the stock lies around 435 to 440. Resistance for the stock lies around 450 to 455 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 where high for the month of August-2018 and September-2018 is lying.

Broad range for the stock in the coming week can be seen between 390 to 395 on downside & 450 to 465 on upside.