EquityPandit’s Outlook for DABUR for the week (June 20, 2016 – June 24, 2016):

DABUR:

Dabur closed the week on positive note gaining around 4.50%.

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 297 and close the week around the levels of 315.

Resistance for the stock lies in the zone of 315 to 317 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.

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.

Broad range for the stock is seen between 300 to 305 on lower end and 320 to 325 on upper end.