Potential Swing Long: Dabur

Dec 23, 2024

• Dabur is near a major support zone, it has respected this level from 2020.
  
• Waiting for a dead cat bounce from the support level.
  
• Once the downtrend line is broken and price gives a positive close above it we can initiate a long i.e 515 level.
  
• Early Entry can be initiated with a strict SL, if a bear traps occurs below accumulation phase we can increase quantity.
  

Note: This is just for analysis purpose, please do your own research before punching any orders.

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Dec 24, 2024

Trade active

Dec 26, 2024

Note

Also find the sector analysis link for FMCG:

Jan 2

Trade closed: target reached

Dabur Formed a double bottom structure, Its getting prepared for the next move