Once Channel is leaked downside & going below 274- Likely Dabur could have another fall going below the lows of 269.
Another strategy could be used as watching for channel bounce inside channel so one can get upside short term target as 290 for that to be valid it should not sustain below 280 & also should not break channel.
Related Analysis Attached Below
Operación activa
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14:10 Hrs 10th Dec2016
Last Price@278
Going below 274- some down move shall be expected-likely below channel it is looking weak for short term.
Comentarios
Eatsleeprepeat
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Hi Abhi any update on dabur. Does this completed wave iv. Below 266 it may fall till 255
WaveTalks
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@rrajkumar86, On bigger picture Dabur likely has to come close to 225-235 zone in coming months currently it is doing choppy moves. I will likely wait or if I get a bounce I shall sell.
WaveTalks
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@rrajkumar86, Short Term I will have to check & shall get back to you.