stock : Dabur India LTD.
cmp : 557.20
Dabur India Ltd.is the fourth largest FMCG company of the country presently catering to health care,personal care & food segment.
observation :
we can see that stock is trading in UP TREND since 2015 taking a good support to its trend line, if one is thinking to invest in this stock can stay buying above 550 levels for the target of (620,680,750+) for short term.
However, if the stock gets breakdown to its trendline below(490) we can see further downside move.
Add this stock to your watchlist to understand further price action.
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Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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