EquityPandit’s Outlook for DABUR for the week (September 21, 2015 – September 25, 2015):
Dabur closed the week on negative note losing around 2%.
As we have mentioned last week that resistance for the stock lies in the zone of 285 to 290, above this levels the stock can move to the levels of 315. The stock manages to hit a high of 285 during the week and sold off to the levels of 270.
Resistance for the stock lies in the zone of 280 to 285, above this levels the stock can move to the levels of 300.
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.
Broad range for the stock is seen between 260 to 265 on lower end and 290 to 295 on upper end.