Dabur looks weak and is currently closed right on the 200 dma and also just below 100 dma..it is an important support area.. since it is also the weekly 20 moving avg..
the stock looks weak on daily chart.. it can bounce to 432 odd levels where is there is resistance of 20 and 50 dma.
all 4 daily moving avergaes are in the range of 420 to 434 zone..any breakout above or below this zone can set the trend for the stock..
i woulld be on the short side on any bounce 434 with a minimal stop loss
the stock looks weak on daily chart.. it can bounce to 432 odd levels where is there is resistance of 20 and 50 dma.
all 4 daily moving avergaes are in the range of 420 to 434 zone..any breakout above or below this zone can set the trend for the stock..
i woulld be on the short side on any bounce 434 with a minimal stop loss
Comment:
dabur breaks 200 dma..time to sell