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Dabur (I) finding trend line support around 404.
Dabur finding trend line support at current levels @ 404. Close watch intraday weakness expecting once it breaks and holds below 404 during trading hours.
Share price of Dabur today 09-10-2018 (09:25am) trading around 405, stock opened 409, touched high 410.70, low 404, total traded volumes till now 409570.
Stock was on news- Dabur India plans to expand and strengthen its distribution network with a focus on its direct reach. From around 1 million retail outlets, the company proposes to take it to 1.2 million this financial year. Lalit Malik, chief financial officer of Dabur India, said the company has been focusing on growing its distribution network not only in traditional trade but also in emerging channels like modern trade and e-commerce
DABUR India Free Intraday Tips.
Technical charts indicates that stock finding trend line + 52 weeks high resistance @ 396.50.
For today trading close watch stock can see intraday bullish action once it breaks and holds above 396.50.
If holds above 396.50 then stock can test 400, 403.
Use stop loss 394.
Check out DABUR (I) technical analysis chart below.