Dabur: Sliding...

DABUR Weekly NSE Stock Chart Technical Analysis:
(This is a weekly chart.  Each bar/candlestick shows 1 week of activity)


Dabur has been falling since a while.  Last week was one of the biggest falls in a single week for Dabur.

Close & CMP: 91

Market Outlook:

• The price seems headed downwards.
• If price manages to go above 93, only then there is any hope for Dabur.
• The price currently found some support at 87, but it does not seem like a strong support and the price has a strong possibility of falling further.
• डाबर का भाव गिरता चला जा रहा है.  उपरान्त हेड एंड शौलडर्स (सर व् कंधे) की बनावट भी चार्ट पर दिख रही है.  अगर भाव ९३ के ऊपर नहीं जा सका अगले २-३ दिनों में, तो फिर समझो की यह शेयर कुछ और समय के लिए तो ज़रूर फिसल गया.

Technical Indicators:

• The dreaded head and shoulders pattern has finally shown up.  We were expecting this pattern since November.
• This week's fall in price is comparable to only one other week in the entire past 3 years.
• The trading force is high.
• The stock price will try to climb back upwards but it seems unlikely that it will succeed in doing so.

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DABUR Weekly NSE Stock Chart Technical Analysis


(analyzed for Prashant, Surat)