Dabur- Party Over for Fresenius SE at 320

160 0 6
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
India Regional Manager
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