Dabur is in a trading range since July 2018.
On the weekly chart the price is toggling between 470 /364
Stock is facing monthly resistance @ 470-480 levels.
Levels of 360 - 400 cannot be ruled out.
Price may re-test the top of channel , that should be a opportunity to sell.
OI Analysis :-
OI has decreased by 3.5 % on friday - 25th which indicates long unwinding.
On the weekly chart the price is toggling between 470 /364
Stock is facing monthly resistance @ 470-480 levels.
Levels of 360 - 400 cannot be ruled out.
Price may re-test the top of channel , that should be a opportunity to sell.
OI Analysis :-
OI has decreased by 3.5 % on friday - 25th which indicates long unwinding.
Trade closed: target reached