EquityPandit’s Outlook for DABUR for the week (October 17, 2016 – October 21, 2016) :

DABUR:

Dabur closed the week on negative note losing around 1.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 279 and close the week around the levels of 280.

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.

Minor resistance for the stock lies in the zone of 285 to 287. 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 288 to 290 on upper end.