MENU

Published on 21/09/2020 11:04:58 AM | Source: ICICI Direct

Weekly Recommendation - Long Dabur India Ltd For Target Of Rs.545 - ICICI Direct

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

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Weekly future recommendation:

Rationale

In the ongoing consolidation around 11500, stocks specific high volatility is evident. While most FMCG stocks failed to participate in the recent up move, Dabur India has seen continued buying support at every decline. The stock had a significant Call base at 500 and 510 strikes for the September series while closure of Call writing positions was seen in the last session indicating expectations of a continued up move. Even the open interest has risen sharply in the last few sessions suggesting long build up. We expect the current uptrend to find momentum in the coming sessions. It is likely to move towards | 540 in the near term.

Long Dabur India (DABIND) September future in the range of Rs 505-510. Target: Rs 545; Stop Loss: Rs 486

 

To Read Complete Report & Disclaimer Click Here

 

For More ICICI Direct Disclaimer http://icicidirect.com/disclaimer.html
SEBI Registration number is INZ000183631

 

Above views are of the author and not of the website kindly read disclaimer