Dabur ready to make a new 52 week high!

5 oct 2020

Dabur is looking strong as the overall structure inside the range is bullish. Strong wide range candles suggest the presence of strong buyers, who were accumulating at lower levels inside the range, and now as the price is breaking out, I expect a huge upside momentum, which can cause Dabur to make a new 52-week high and can easily move towards 600 and above. Fundamentally the stock is strong, with exceptional presence in the FMCG sector. It generates huge amounts of cash, which may or may not translate to huge dividends in the future(like ITC). It has a diversified product range, with its uniqueness being that it is an age-old company, with customers being loyal to its products such as toothpaste. Good stock for positional trading.

I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏

6 oct 2020

Nota

As expected, Dabur has made a new 52-high in today's session and I expect it to head even higher.