BUY DABUR ABOVE 330 TGT 334/340 SL 322
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move in near term with the crossing of the resistance level of 330 as the stock is managing to sustain above the level of 330. It is likely to continue the positive movement with the breakout of the pattern at the levels of 334. 22 &55 and 200 days moving averages seen as support level with the RSI of 50, One may get the medium-term targets of 338,342,345 in with the stop loss of 322. Thus the trend of the DABUR in the short term, medium term timeframe continues to remain upwards.
Indices slipped on
Wednesday, as investors booked profit on the last trading day for financial
year 2017-18 (FY18) that co-incided with the expiry of F&O contracts for
the March 2018 series. That apart, weak global cues also weighed on the overall
sentiment. ICICI Bank and Axis Bank slipped as much as 2
per cent, after gaining in the last two sessions. The Nifty private bank index
fell as much as 0.8 per cent, on track to snap a two-day gaining streak.
Bharti Airtel hit a week-low, and technicals suggested further downside. The
stock fell as much as 3.19 per cent to Rs 400, lowest since March 21. Seventeen out of 19
sectoral indices on ended lower with telecom, metal, basic materials and
healthcare falling most.Jet Airways India Ltd shares fell 2.2% to Rs623 Biocon Ltd shares gained 2% to Rs614. BSE MidCap and SmallCap were down 0.53% and 0.92%,
respectively. Wipro, Coal India, Hero MotoCorp and Kotak Bank were top gainers,
whereas Tata Steel, Bharti Airtel, Adani Ports and Sun Pharma were among the
major losers.
Dabur India Limited is a fast moving consumer goods (FMCG) company. The Company operates in various product categories, such as hair care, oral care, healthcare, skin care, home care and foods.After showing correction from the higher level, now the stock is trading in the recovery phase for the Short term , it is likely to continue the upside
move in near term with the crossing of the resistance level of 330 as the stock is managing to sustain above the level of 330. It is likely to continue the positive movement with the breakout of the pattern at the levels of 334. 22 &55 and 200 days moving averages seen as support level with the RSI of 50, One may get the medium-term targets of 338,342,345 in with the stop loss of 322. Thus the trend of the DABUR in the short term, medium term timeframe continues to remain upwards.
DAILY CHART FOR DABUR:
Brilliant desings, I personaly like the one with the slide on the side.
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