This FMCG giant is at its important support

11 months ago (Edited)

Purely based on technical analysis
in this post we're talking about FMCG giant Dabur.

⬆️ Looking at its daily chart, it seems that after Friday's selling, this stock has closed very close to one of its important support 570.

⬆️ Or, Now from here if it has to continue its upward journey again then it has to be sustained above 580. Only then there will be a psychological change in it.

⬆️If it has to change its bigger trend and go down from now, then it will have to be sustained below 570 for panic selling. However, in tomorrow's session, it may go towards 580 once and then take rejection from there, but 570 will be the key level for further selling.

I am expecting a move of minimum 3% in the coming week which could be in either direction, and since I have my setup I will trade with confirmation only.

Thanks for appreciating my post. I would like to know your views on this!

@indiaunited @leofinance

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1 comments

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11 months ago

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