Dabur India Limited
Short

Shorting opportunity in Dabur based on Wave principle

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I started learning the wave principle in April 2020. Since then I traded stocks through Paper Trading and got good results. This has motivated me to publish my idea publicly for the first time. I am still learning and improving and also open to learn from other individuals.

I see Flat pattern forming on a daily chart. I am predicting that price will go down and Wave C will be formed. I believe that it will be a good shorting opportunity if the price moves below 465 - 470 level (around wave (4) of wave (B)). The target in this setup would be around 425 - 430 (around (A))

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