AbhishekHSinghCMT
Short

Dabur- Party Over for Fresenius SE at 320

NSE:DABUR   DABUR INDIA LTD
168 views
6
168 0
Last Price@284.55

In 2008- Fresenius SE & Co- A german healthcare bought a 76.2 % stake in Dabur when it was trading between 60-80 zone since then Dabur never looked down & its almost 8 years have passed- & Dabur has kissed highs@320.

What Next
Dabur's upward pace could slow down in current scenario because momentum indicator-MACD hasn't made a new high where as Dabur first made a high@316 & later, even higher price@320 -if you observe clearly-MACD between those 2 highs have been moving down-this clearly suggest that the pace is not supporting.

Candlestick Pattern
Tweezer Tops- Back to Back Monthly Candles having same high@320- is tweezer top candlestick pattern --which suggest that power has been transfered from strong hands to weak hands. So, Likely one should be careful to take new long positions - If Dabur crosses 320 in near term or allow prices to hit the next swing low which is 220-230 zone. Let me come back once Dabur kisses the zone of 220-230.


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out