Trade ideas
Dabur ready for a uptrend!🤩💸🔥Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best Quarterly result and will very likely post a similar result in Q3 too.
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The stock has a history of taking support precisely from the 200 EMA. This time too, it is trading near 200 EMA which is also a major support zone. Now, with the breakout of the retracement trendline and the W Reversal pattern, the retracement seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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dabur- breaks 200sma looking very week on chart dabur breaks 200sma after very long time but a very good fundamental company and a portfolio stocks.
May be reverse from here if market sustain. but will be good buy above 200sma as shown in chart.
Wait till and buy above 200sma
Note- Please consult your financial advisor before doing investment. this is my personal learning not a any investment advise.
DABUR SWING TRENDDabur India Limited is the fourth largest FMCG Company in India with Revenues of over Rs. 9,500 Crore & Market Capitalization of over Rs 100,000 Crore. Building on a legacy of quality and experience of over 137 years, Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products.
Known as the 'Custodian of Ayurveda', Dabur marries age-old traditional wisdom with modern-day Science to develop products for consumers across generations and geographies. Dabur's FMCG portfolio today includes 8 Power Brands with distinct brand identities -- Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail and Dabur Honitus in the Healthcare space; Dabur Amla and Dabur Red Paste in the Personal Care category; and Réal in the Food & Beverages category. In addition, Vatika is an International Power Brand.
Dabur today operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care and Foods. The ayurvedic company has a wide distribution network, covering 6.7 million retail outlets with a high penetration in both urban and rural markets.
Dabur's products also have huge presence in the overseas markets and are today available in over 120 countries across the globe. Its brands are highly popular in the Middle East, SAARC countries, Africa, US, Europe and Russia. Dabur's overseas revenue today accounts for over 27% of the total turnover.
The 137-year-old ayurvedic company, promoted by the Burman family, started operating in 1884 as an Ayurvedic medicines company. From its humble beginnings in the bylanes of Calcutta, Dabur India Ltd has come a long way today to become one of the biggest Indian-owned consumer goods companies with the largest herbal and natural product portfolio in the world. Overall, Dabur has successfully transformed itself from being a family-run business to become a professionally managed enterprise. What sets Dabur apart from the crowd is its ability to change ahead of others and to always set new standards in corporate governance & innovation.
Dabur also recommends various Ayurvedic Home Remedies formulated using ayurvedic plants & herbs which are natural & chemical free.
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