EquityPandit’s Outlook for DABUR for the week  (Sep 18, 2017 – Sep 22, 2017) :

DABUR:

Dabur closed the week on positive note gaining around 1.10%.

As we have mentioned last week, that support for the stock lies in the zone of 300 to 305 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 and medium term moving averages are lying. During the week the stock manages to hit a low of 305 and close the week around the levels of 310.

Support for the stock lies in the zone of 300 to 305 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 and medium term moving averages are lying.

Resistance for the stock lies in the zone of 314 to 316 from where the stock broke down after consolidation and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 320 to 323 where long term Fibonacci levels are lying and life time highs for the stock is lying.

Broad range for the stock in the coming week can be seen between 300 to 302 on downside & 320 to 322 on upside.