EquityPandit’s Outlook for DABUR for the week  (Oct 22, 2018 – Oct 26, 2018) :

DABUR:

Dabur closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the stock lies around 420 to 425 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 450 to 455 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a high of 423 and close the week around the levels of 405.

Support for the stock lies in the zone of 385 to 390 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 360 to 365 where Fibonacci levels are lying.

Resistance for the stock lies around 420 to 425 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 435 to 440 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock in the coming week can be seen between 380 to 385 on downside & 435 to 440 on upside.