DABUR – Falling wedge breakout, bullish reversal signal. This pattern forms after a downtrend and suggests the end of selling pressure. Around the 480–500 zone, the stock consolidated multiple times. This acted as a demand/support zone, which has now been broken decisively to the upside. There is a spike in volume supporting the breakout, which confirms that buyers are stepping in with strength.
Current Price: 530.85
Buy above 540 (past swing high) – Support Zone 535 (previous breakout point).
Buy on Dips: Ideal buy entry between 510–520 if the stock pulls back slightly. Support Zone: 498
Target after breakout at 555 and 575 levels is possible
Current Price: 530.85
Buy above 540 (past swing high) – Support Zone 535 (previous breakout point).
Buy on Dips: Ideal buy entry between 510–520 if the stock pulls back slightly. Support Zone: 498
Target after breakout at 555 and 575 levels is possible
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.