Dabur might show a strong reversal
Updated
Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone.
If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside.
Currently, the candle formed is bearish and hence, it is wait and watch. Keep this stock on radar.
If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside.
Currently, the candle formed is bearish and hence, it is wait and watch. Keep this stock on radar.
Note
Be cautious in this.Weak Q4 results may lead to a breakdown.
Trade active
Stock has reversed by making a bear trap from support and given breakout of trendline.FMCG sector has outperformed this year so keep this stock in watchlist.
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