EquityPandit’s Outlook for DABUR for the week  (Oct 23, 2017 – Oct 27, 2017) :

DABUR:

Dabur closed the week on negative note losing around 1.10%.

As we have mentioned last week, that support for the stock lies in the zone of 320 to 323 from where the stock broke out of August-2017 high. If the stock manages to close below these levels then the stock can drift to the levels of 314 to 316 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 315 and close the week around the levels of 319.

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 308 to 310 where short term moving averages are lying.

Resistance for the stock lies in the zone of 320 to 323 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where life time high for the stock is lying.

Broad range for the stock in the coming week can be seen between 300 to 305 on downside & 335 to 340 on upside.