DABUR Daily NSE Stock Chart Technical Analysis:
Dabur has broken out from its long term line of support, and also below its Fibonacci Zero %.
The next support levels for Dabur are 94, 84 and 77.
There could be a small upward swing in the next few days as the price attempts to go back above its support line, but this means the price will have to rise above 101. If the price can rise and stay above 101, then this becomes a good time to enter. Until then, there`s nothing much one can do.
With Dabur`s purchase of a Turkish company and proposed launch of products in middle east, Dabur does seem to have a good 2011 if it can pull up its socks and compete in the international market.
The company is quite ambitious so even if you bought at higher rate, don`t worry. Just that you will have to wait until this stock price definitely comes up again (but which could be a while considering the market conditions *sigh*).
DABUR Daily NSE Stock Chart Technical Analysis
(Analyzed for Fox121, a MoneyControl fellow-boarder)
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