Dabur: A possible short
After a recent uptrend the stock might consolidate in downward channel for sometime. Every upmove towards the upper channel is a possibility to short
The reason why violation of the previous low is not just pullback comes from MACD divergence on daily charts.
Will update possible targets once Lower high is confirmed on the chart
The reason why violation of the previous low is not just pullback comes from MACD divergence on daily charts.
Will update possible targets once Lower high is confirmed on the chart
Note
Again not able to sustain in this positive market also. Lower high is also kind of confirmed. If the market is not stable might see price in the range 350-360 in coming week
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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.
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.