Dabur India Weekly Chart


On the Weekly chart, Dabur stock was trading in a tight range between 360 to 460 from September 2019 to December 2019. In the very first week of January 2020 stock has broken its previous range and started trading towards the upside of the range.

However, the stock is still managed to trade above its 20 ema that is placed around 460 on the weekly chart which is a good sign for the bulls in coming trading sessions.

Going forward, the stock has formed a double bottom pattern on the weekly chart and confirmed it by breaching its neckline to the upside, so if a stock will sustain 460 levels then there is a high probability bull will take to its higher side and stock might test 560 levels in coming weeks.

On the event side, Dabur India Q3 results are scheduled for 30 January 2020.
Have a bull eye on the stocks!!

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