EquityPandit’s Outlook for DABUR for the week (September 12, 2016 – September 16, 2016) :

DABUR:

Dabur closed the week on negative note losing around 1.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 292 and close the week around the levels of 293.

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 275 to 277 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 280 to 283 on lower end and 302 to 305 on upper end.