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Published on 14/01/2020 1:26:03 PM | Source: Motilal Oswal Services Ltd

Buy Dabur India Ltd For Target Rs. 495 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Dabur India Ltd #FMCG #Motilal Oswal #Trading Report

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Trading Calls

DABUR

Nifty FMCG index has started rebounding after taking support around 61.80% retracement level and a Bullish Engulfing pattern on weekly chart. From FMCG space, Dabur came out from the consolidation phase of last one month and sustaining well above the breakout level. At the same time, RSI is also moving above Trendline breakout levels on daily scale and thus showing strength in the counter. · Considering overall chart structure, we reiterate our positive stance on the stock for extension in ongoing up move towards 495 with a trailing stop-loss of 467.

Recommendation

Buy Dabur India Limited  SL 467Target  495 CMP 478 

 

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