Dabur India Stock at a Critical Juncture

2024년 12월 20일

Dabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart.

Key Highlights:

• Strong Support: The stock has consistently respected a long-term ascending trendline since 2012.
  
• Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown.
  

Current Level: Trading at INR 507.50, near critical support at the trendline.


Outlook:

• Bullish Case: A breakout above the triangle could target INR 680.
  
• Bearish Case: A breakdown below INR 480 may signal further downside.