BUY DABUR 454-455
SL = 451.5
TARGET 1 = 460
TARGET 2 =464
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Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Dabur is in a trading range since July 2018.
On the weekly chart the price is toggling between 470 /364
Stock is facing monthly resistance @ 470-480 levels.
Levels of 360 - 400 cannot be ruled out.
Price may re-test the top of channel , that should be a opportunity to sell.
OI Analysis :-
OI has decreased by 3.5 % on friday - 25th which indicates long unwinding.
Dabur India Ltd. engages in the distribution of fast moving consumer goods. It operates through the following segments: Consumer Care Business, Foods Business, and Other. The Consumer Care Business segment involves in providing home care, personal care, and health care. The Foods Business segment offers packaged fruit juices, beverages, and culinary. The Other segment includes guar gum, pharma, and others. The company was founded by Saket K. Burma in 1884 and is headquartered in Ghaziabad, India.
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DABUR
![DABUR: [Range Breakout] DABUR](https://s3.tradingview.com/1/1WXLZqfT_mid.png "[Range Breakout] DABUR")
