EquityPandit’s Outlook for DABUR for the week (October 26, 2015 – October 30, 2015):

DABUR:

Dabur closed the week on negative note losing around 3.5%.

As we have mentioned last week that support for the stock lies in the range of 265 to 270 where 200 Daily SMA is positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 262 and virtually close the week at the lowest point.

Resistance for the stock lies around the levels of 272 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 250 where long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 230 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock is seen between 250 to 255 on lower end and 270 to 275 on upper end.