DABUR INDIA WEEKLY |Likely to have a Breakout soon
The symmetrical triangle formed is likely to give a breakout by next month. It is ideally a 50-50 scenario of breaking upwards or downwards.
This week (20th July,2020 onwards) ,expect a rise up to the rejection line.
Upcoming 2-3 weeks a slight fall. Then the breakout.
Considering the lockdown situation, the decreased sale might lead to a breakdown in the downward direction.
But since people are favoring ayurvedic products more these days, the chances are 50-50.
As of now, for this week, go Long. Short later.
This week (20th July,2020 onwards) ,expect a rise up to the rejection line.
Upcoming 2-3 weeks a slight fall. Then the breakout.
Considering the lockdown situation, the decreased sale might lead to a breakdown in the downward direction.
But since people are favoring ayurvedic products more these days, the chances are 50-50.
As of now, for this week, go Long. Short later.
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