EquityPandit’s Outlook for DABUR for the week (November 02, 2015 – November 06, 2015):

DABUR:

Dabur closed the week on positive note gaining around 2.6%.

As we have mentioned last week that resistance for the stock lies around the levels of 272 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 275 and retraced to close the week around the levels of 270.

Resistance for the stock lies around the levels of 273 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying.

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.

Broad range for the stock is seen between 260 to 265 on lower end and 275 to 280 on upper end.