Dabur - Rounding bottom, Cup with handle & bullish flag pattern

Dabur is showing strong bullish price action on the hourly chart with multiple bullish pattern formations supporting a potential upside continuation.

The stock has formed a large Cup and Handle pattern, indicating a medium-term reversal from the previous downtrend. After completing the cup structure, price entered a small consolidation phase and developed a Bullish Flag pattern, which is generally considered a continuation setup.

A breakout from the flag structure near the resistance zone around ₹462–465 signals improving bullish momentum. Price is currently attempting to sustain above this breakout area.

Another major positive factor is the moving average alignment:

1. 50 EMA has crossed above 200 EMA
2. Both EMA slopes are turning upward

This indicates strengthening trend momentum and possible continuation of the bullish structure.

Technical Observations:

1. Cup and Handle breakout structure
2. Bullish Flag continuation pattern
3. 50 EMA > 200 EMA (Bullish crossover)
4. Rising EMA slopes confirm trend strength
5. Resistance breakout zone: ₹462–465
6. Higher resistance levels: ₹498 and ₹530

Outlook:
Sustaining above the breakout zone can trigger fresh upside momentum toward higher resistance levels. The overall structure remains bullish unless price slips back below the handle support zone.

Trade with proper risk management and confirmation.