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ArcherDAVIS

DABUR LONG TERM ANALYSIS AND TRADE

Long
DABUR INDIA LTD (NSE:DABUR)  
ArcherDAVIS  
NSE:DABUR   DABUR INDIA LTD
Trend Analysis Triangle Fundamental Analysis daburindia nse FMCG Bullish Patterns nifty50
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trendanalysis triangle fundamental daburindia nse fmcg bullish nifty50
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.
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