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* Nifty FMCG index had taken support around 61.80% retracement level and formed a Bullish Engulfing pattern on weekly chart. From FMCG space, Dabur came out from the consolidation phase of last one month and closed well above the breakout level. At the same time, RSI also gave Trendline breakout on daily scale.
*Considering overall chart structure, we are advising traders to buy the stock for an up move towards 485 with a stoploss of 457.
Buy Dabur India Limited SL 457 Target 485 CMP 466.85
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