EquityPandit’s Outlook for DABUR for the week  (Sep 24, 2018 – Sep 28, 2018) :

DABUR:

Dabur closed the week on negative note losing around 2.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 465 to 470. Support for the stock lies in the zone of 445 to 450 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 420 to 425 from where the stock has broken out. During the week the stock manages to hit a low of 430 and close the week around the levels of 456.

Support for the stock lies in the zone of 445 to 450 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 430 to 435 where Fibonacci levels and short term moving averages are lying.

Minor resistance for the stock lies around 460 to 465. Resistance for the stock lies around 475 to 480 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 490 to 495 where high for the month of August-2018 is lying.

Broad range for the stock in the coming week can be seen between 435 to 440 on downside & 470 to 475 on upside.