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Dabur on the verge of completing a Rounding Bottom Formation above 321. Keep a watch.
If it moves above 321 with high volumes, may do 374 . Keep SL at 309.
Dabur is in the formation of rounding bottom.
But we have a rsi divergence and stochastic in the 80's zone for a long time.
So looking to retest the structure at 300 and to continue the trend with a target 1- 320.
target 2 - 330.
stock underwent sharp correction
stock is in verge of fresh break out above 290
for targets towards 300/305
the targets will be valid as long as stock trades above 284
close above 280 might take the stock towards 288/295
Daur - student chart
as we can see the bearish engulfing pattern there and the bearish divergence add to it and price is below 8 ema