EquityPandit’s Outlook for SBI for week (August 10, 2015 – August 14, 2015):
Dabur closed the week on positive note gaining more than 5%.
As we have mentioned last week that if the stock manages to close above the levels of 305 the stock can move to the levels of 320 to 325. The stock hit a high of 316 during the week.
The stock has been forming the Doji pattern on Daily chart since last 2 days. If the stock closes above the levels of 316 the stock can move to the levels of 325 to 330.
Support for the stock lies in the zone of 295 to 300 where short term and medium term moving averages are positioned.
Resistance for the stock lies in the zone of 320 to 325 levels.
Broad range for the stock is seen between 290 to 295 on lower end and 320 to 325 on upper end.