Dabur - 4th Re-test of All Time High region

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Dabur is re-testing the 515-525 region for the 4th time now. In the last trading session, it was consolidating below resistance which is a good sign for people wanting to go long.
A break above this could give some upside momentum.
It is also making an ascending triangle on the Daily chart that has a higher probability of breaking towards the upside.
One thing to note though is that volume is not great in the up move and this could result in a failed rally or trap.

Please beware of this and trade safe.

Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.

In the end, either you follow your rules, or get eaten