Dabur India Stock at a Critical Juncture

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Dabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart.

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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