Dabur is making a bullish triangle formation and appears to be near completion. It has formed 6 points of contact on the trendlines. The price may perform a breakout above 525, which is the current high.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.