Dabur have great downfall from 450 levels also on daily chart from last 5 days it fall in very fast manner also took great support at 396 to 400 ..
Stock consolidated much around 400 to 408 pnce it crosses 408 and closing above that lead to price to 450 easily..if 396 take out on hourly basis than this view invalidated
Stock has witnessed a range breakout from a 2 year range of approx 169 points with big white candle having good volume.
If Stocks manages to stay above 500 levels on weekly basis, it can move towards 600 and then 700 levels.
Price action will always be the king , so keep an eye an on the price action to ride the potential rally.
If AUDUSD gonna break above this bearish trendline then we gonna go long otherwise short.
Personally expecting it to Continue the bearish momentum.
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Price is trading at top and i am a reversal trader so i always looking for reversal signal where buyer are losing control and sellers are taking contol. I am waiting for confirmation signal for short and i have my selected 2-3 setups where i always take trades. If i dont see any setup then i skip the trade.