Dabur India Stock at a Critical Juncture
Dabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart.
Key Highlights:
Current Level: Trading at INR 507.50, near critical support at the trendline.
Outlook:
Key Highlights:
- Strong Support: The stock has consistently respected a long-term ascending trendline since 2012.
- Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown.
Current Level: Trading at INR 507.50, near critical support at the trendline.
Outlook:
- Bullish Case: A breakout above the triangle could target INR 680.
- Bearish Case: A breakdown below INR 480 may signal further downside.
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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.