Dabur might show a strong reversal

7 เม.ย. 2023

Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone.
If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside.
Currently, the candle formed is bearish and hence, it is wait and watch. Keep this stock on radar.

8 พ.ค. 2023

บันทึกช่วยจำ

Be cautious in this.
Weak Q4 results may lead to a breakdown.

5 มิ.ย. 2023

การซื้อขายยังคงดำเนินอยู่

Stock has reversed by making a bear trap from support and given breakout of trendline.
FMCG sector has outperformed this year so keep this stock in watchlist.