DABUR INDIA LTDLong
Dabur at Key Support: Will the Bulls Defend?
Dabur India Ltd is trading at ₹524.90, showing a weekly gain of 3.50%. The stock is currently testing a multi-year support zone between ₹480–₹500, a level that has historically acted as a key demand area since 2020.
Key Observations:
Support Zone Strength: The ₹480–₹500 level has consistently supported the price, making it a critical zone to watch for potential reversals or consolidation.
Key Levels:
Resistance: ₹540–₹560
Support: ₹480–₹500
Conclusion:
Dabur is at a pivotal level. The multi-year support zone has a history of initiating reversals, but its ability to hold will determine the stock's next trend. One can monitor price action closely for confirmation of a sustained bounce or potential breakdown.
Key Observations:
Support Zone Strength: The ₹480–₹500 level has consistently supported the price, making it a critical zone to watch for potential reversals or consolidation.
Key Levels:
Resistance: ₹540–₹560
Support: ₹480–₹500
Conclusion:
Dabur is at a pivotal level. The multi-year support zone has a history of initiating reversals, but its ability to hold will determine the stock's next trend. One can monitor price action closely for confirmation of a sustained bounce or potential breakdown.
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