Potential Swing Long: Dabur
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- Dabur is near a major support zone, it has respected this level from 2020.
- Waiting for a dead cat bounce from the support level.
- Once the downtrend line is broken and price gives a positive close above it we can initiate a long i.e 515 level.
- Early Entry can be initiated with a strict SL, if a bear traps occurs below accumulation phase we can increase quantity.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Also find the sector analysis link for FMCG:
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