EquityPandit’s Outlook for DABUR for the week (September 06, 2016 – September 09, 2016) :

DABUR:

Dabur closed the week on positive note gaining around 3.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 294 to 298 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 307 where the stock has formed a short term top. During the week the stock manages to hit a high of 297 and close the week around the levels of 297.

Minor support for the stock lies in the zone of 290 to 292. Support for the stock is lying in the zone of 282 to 285 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 275 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 297 to 299 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 307 where the stock has formed a short term top.

Broad range for the stock is seen between 285 to 287 on lower end and 305 to 307 on upper end.