EquityPandit’s Outlook for DABUR for the week (November 23, 2015 – November 27, 2015):

DABUR:

Dabur closed the week on positive note gaining around 3.0%.

As we have mentioned last week that support for the stock lies in the zone of 260. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 250 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 260 and bounce to close the week around the levels of 276.

The stock has closed around the strong resistance zone of 275 to 280 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 265 to 270 where short term moving averages are positioned. If the stock breaks below this levels on closing basis then 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 280 to 285 on upper end.