EquityPandit’s Outlook for Dabur for week (July 20, 2015 – July 24, 2015):
Dabur closed the week on positive note gaining more than 3%.
The stock hit the 52 week high of around 300 levels during the week and sold off to the levels of 290.
Support for the stock lies in the zone of 280 to 285 where short term, medium term moving averages and trend-line support are positioned.
Resistance for the stock lies in the zone of 300 to 305 levels.
Broad range for the stock is seen between 275 to 280 on lower end and 300 to 305 on upper end.