Dabur India Stock at a Critical Juncture
Dabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart.
Key Highlights:
Current Level: Trading at INR 507.50, near critical support at the trendline.
Outlook:
Key Highlights:
- Strong Support: The stock has consistently respected a long-term ascending trendline since 2012.
- Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown.
Current Level: Trading at INR 507.50, near critical support at the trendline.
Outlook:
- Bullish Case: A breakout above the triangle could target INR 680.
- Bearish Case: A breakdown below INR 480 may signal further downside.
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