EquityPandit’s Outlook for DABUR for the week  (Feb 26, 2018 – Mar 02, 2018) :

DABUR:

Dabur closed the week on negative note losing around 3.50%.

As we have mentioned last week, that support for the stock lies in the zone of 335 to 340 where break out 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 315 to 320 from where the stock broke out of triple top pattern. During the week the stock manages to hit a low of 325 and close the week around the levels of 331.

Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305.

Minor resistance for the stock lies in the zone of 335 to 340. Resistance for the stock lies in the zone of 345 to 350 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a top in the month of January-2018.

Broad range for the stock in the coming week can be seen between 310 to 315 on downside & 350 to 355 on upside.