EquityPandit’s Outlook for DABUR for the week (October 10, 2016 – October 14, 2016) :

DABUR:

Dabur closed the week on positive note gaining around 5.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 278 to 281 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 288 and close the week around the levels of 285.

Support for the stock lies in the zone of 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 290 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 from where the stock has sold off in the month of September – 2016.

Broad range for the stock is seen between 270 to 273 on lower end and 297 to 300 on upper end.