EquityPandit’s Outlook for DABUR for the week (September 07, 2015 – September 11, 2015):
Dabur closed the week on positive note gaining around 2%.
As we have mentioned last week that if the stock manages to close above the levels of 295 the stock can move to the levels of 315, but the stock manages to hit a high of 289 during the week.
Support for the stock lies in the range of 265 to 275 where 100 and 200 Daily SMA are 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.
Resistance for the stock lies in the zone of 290 to 300, above this levels the stock can move to the levels of 315.
Broad range for the stock is seen between 260 to 265 on lower end and 300 to 310 on upper end.