Dabur India Limited is a fast moving consumer goods (FMCG) company. The Company operates in various product categories, such as hair care, oral care, healthcare, skin care, home care and foods. Its business units include Consumer Care Business, Foods Business and International Business. The Consumer Care Business unit includes healthcare, which consists of health supplements, digestives, over-the-counter (OTC) and ayurvedic ethical products, and home and personal care, which consists of hair care, oral care, skin care and salon, and home care products.
|Company||Dabur India Limited|
|Stop Loss (SL)||Rs.485|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. The stock has continuously been making higher top and higher bottom formation on the daily chart which is bullish nature. After a moil correction prices have taken support and consolidated around its 100 Day EMA. Prices have now given a breakout on the upside from this consolidation period. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 507-513) With a stop loss of Rs. 485 on closing basis and respected target seems Rs 550-580. Time frame should be 2-4 weeks.
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