Yesterday Dabur had a Gap Up opening above its key resistance level of 296, however it closed inside the range.
Today it had a Gapdown opening and it successfully climed above the resistance & closed above it.
This pattern shows that strength has been building up in this counter.
One can Buy at current levels for Target of 306.
I expect the volume pickup & price to race ahead once 306 is succesfully crossed.
Second Target would be 319.
Keep a Stop at 293.
Today it had a Gapdown opening and it successfully climed above the resistance & closed above it.
This pattern shows that strength has been building up in this counter.
One can Buy at current levels for Target of 306.
I expect the volume pickup & price to race ahead once 306 is succesfully crossed.
Second Target would be 319.
Keep a Stop at 293.
Comment:
First Target Reached.