- Like always, The chart is self-explanatory. - We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one. - This is one previous support that turned crucial resistance - Previously, the price has fallen 3 times after testing this level. The fourth time's a charm? - We see a good consolidation at the resistance zone since the breakout - NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
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Strong Rebound from the support zone.
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The triangle is broken down. The support is in play: