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Published on 21/10/2020 10:33:15 AM | Source: Motilal Oswal Financial Services Ltd

Buy Dabur Ltd For Target Rs. 550 - Motilal Oswal

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Technical Trading Idea

* Dabur retested the breakout Trendline and again started showing strength. Yesterday, stock gave an Inverse Head and Shoulder pattern breakout on hour chart with healthy volumes. It is sustaining well above the moving averages and RSI is also showing strength on daily scale.

* Considering current chart structure, we advise traders to buy the stock for an up move towards 550 levels with stop-loss of 517.

 

Buy Dabur Ltd @ 2-3 Days CMP 528 TGT 550 SL 517

 

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