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.
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.
Tops- Back to Back Monthly Candles having same high@320- is 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.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw