EquityPandit’s Outlook for Dabur for week (July 13, 2015 – July 17, 2015):

ITC:

Dabur closed the week on negative note losing around 1%.

The stock has formed a Doji on Weekly charts indicating the indecision among the traders about the direction of the stock.

The stock hit the 52 week high of 292 levels during the week and sold off to the levels of 282.

Support for the stock lies in the zone of 270 to 275 where short term and medium term moving averages are positioned.

Resistance for the stock lies in the zone of 290 to 295 levels.

Broad range for the stock is seen between 270 to 275 on lower end and 295 to 300 on upper end.