Stock Analysis of Dabur.Price - ₹517.15 Dt. - 16-11-2020
From Oct. 1 the price is moving in a range between 506.5 and 535.5. Stock is also taking the support of trendline regularly. Recently on 11th Nov. stock took the support of the trendline. The price has given the close near the 21DEMA and we are expecting the correction near the 510. RSI is neutral.
DABUR
Dabur - Cup and Handle PatternDabur has shown breakout from cup and handle pattern.
CMP = 530
SL = 500
Target = 600
Levels are approximate, as I am planning to enter for long term.
Also, RSI is constantly supported @ 40 levels.
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DABUR under significant pressure#Dabur rose quite a bit on 19th & 20th Oct.
Between 21st & 22nd it has not only given up all the gains but looks under a lot of pressure and may soon crack if it falls below 508 and spends some time there..
If that happens we may see fall by another 10 to 15 points.
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Dabur is showing strengthThe analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
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Dabur - Pull back trading - bullishThe pattern is a perfect example of pullback trading as the stock had given a multi-time frame breakout in the last session.
Now is forming a wedge pattern, indicating the bullishness to continue. And also note that FMCG sector is bullish.
This is not a recommendation, Its for educational purpose only.
Trade Safe!!