EquityPandit’s Outlook for DABUR for the week  (Mar 05, 2019 – Mar 08, 2019) :

DABUR:

Dabur closed the week on positive note gaining around 2.30%.

As we have mentioned last week, that support for the stock lies in the zone of 428 to 432 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 415 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 424 and close the week around the levels of 445.

Support for the stock lies in the zone of 438 to 442 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 428 to 432 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies around 455 to 460 where high for the month of December-2018 & February-2019 and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 from where the stock has broken down from the consolidation in the month of September-2018.

Broad range for the stock in the coming week can be seen between 420 to 425 on downside & 460 to 465 on upside.