Dabur is making a bullish triangle formation and appears to be near completion. It has formed 6 points of contact on the trendlines. The price may perform a breakout above 525, which is the current high.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
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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.