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DABUR

Dabur Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for DABUR for the week (August 01, 2016 – August 05, 2016):

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 295 to 300. Support for the stock is lying in the zone of 277 to 280 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 304.

Minor support for the stock lies in the zone of 295 to 300. Support for the stock is lying in the zone of 285 to 288 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 310. Resistance for the stock lies in the zone of 317 to 320 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Broad range for the stock is seen between 292 to 295 on lower end and 320 to 322 on upper end.

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