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Published on 20/03/2020 2:55:50 PM | Source: HDFC Securities Ltd

Momentum Pick : Buy Dabur Ltd For Target Rs. 450 by HDFC Securities

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

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* After showing a minor declines/sideways consolidation, the option price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per daily timeframe chart.

* Volume has started to rise along with the up move in the stock price.

* The daily RSI is showing positive indication.

* Monthly RSI is hovering near 40 level, indicates support at current level.

Recommendation

Buy DABUR Ltd @428 SL 408 Target 450

 

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