EquityPandit’s Outlook for DABUR for the week (October 19, 2015 – October 23, 2015):

DABUR:

Dabur closed the week on negative note losing around 2.5%.

As we have mentioned last week that support for the stock lies in the range of 265 to 270 where 200 Daily SMA is positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 270.5 and close the week around the levels of 272.65.

Resistance for the stock lies in the zone of 280, where 100 Daily SMA is positioned. If the stock manages to close above this levels the stock can move to the levels of 300.

Support for the stock lies in the range of 265 to 270 where 200 Daily SMA is positioned. If the stock closes below the support zone of 265 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 265 to 270 on lower end and 290 to 295 on upper end.