AbhishekHSinghCMT
Short

Dabur- Struggling in Channel-Careful below 274

NSE:DABUR   DABUR INDIA LTD
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2
Once Channel is leaked downside & going below 274- Likely Dabur could have another fall going below the lows of 269.

Another strategy could be used as watching for channel bounce inside channel so one can get upside short term target as 290 for that to be valid it should not sustain below 280 & also should not break channel.

Related Analysis Attached Below
Trade active: 14:10 Hrs 10th Dec2016

Last Price@278

Going below 274- some down move shall be expected-likely below channel it is looking weak for short term.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Hi Abhi any update on dabur. Does this completed wave iv. Below 266 it may fall till 255
Reply
AbhishekHSinghCMT Eatsleeprepeat
@Eatsleeprepeat, On bigger picture Dabur likely has to come close to 225-235 zone in coming months currently it is doing choppy moves. I will likely wait or if I get a bounce I shall sell.
Reply
AbhishekHSinghCMT Eatsleeprepeat
@Eatsleeprepeat, Short Term I will have to check & shall get back to you.
Reply
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