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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.