DABUR INDIA LTDLong
DABUR - Parallel Channel + Superguppy Breakout
Dabur has broken up above the descending parallel channel it has been trapped in since September 2021, while also closing above the SuperGuppy resistance. There is also divergence in the RSI and price line. These are bullish signs.
Watch for it to hold 560 levels over the next few sessions and look to purchase above 570 for targets of 585 and 600 in the medium term.
Watch for it to hold 560 levels over the next few sessions and look to purchase above 570 for targets of 585 and 600 in the medium term.
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