Dabur India Proper Correction and Breakout

There are sometimes when a stock completes its correction, makes a textbook chart pattern and start an up-move. This is what I have observed in DABUR on weekly charts. What a beautiful structure and just the right time to break-out. It even tested the 200 EMA on weekly and spend considerable time in forming its pattern.

Now these patterns can be tricky with stop losses sometimes. Hence, my plan is to simplify this for you. Keep Targets of 645 and Stop Loss at 580. Go Long.

Disclaimer: All information is shared for educational purpose only.

Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)

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