abymarine2015
Long

DABUR INDIA WEEKLY |Likely to have a Breakout soon

NSE:DABUR   DABUR INDIA LTD
The symmetrical triangle formed is likely to give a breakout by next month. It is ideally a 50-50 scenario of breaking upwards or downwards.
This week (20th July,2020 onwards) ,expect a rise up to the rejection line.
Upcoming 2-3 weeks a slight fall. Then the breakout.
Considering the lockdown situation, the decreased sale might lead to a breakdown in the downward direction.
But since people are favoring ayurvedic products more these days, the chances are 50-50.
As of now, for this week, go Long. Short later.

Comments

gave perfect breakout upside ...great catch @abymarine2015
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Very good Analysis ...more upside move is expected
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510+ Possible coming weeks?
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abymarine2015 pradeepovig
@pradeepovig, Yes . 513-514 is a major weekly supply zone.
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