1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Dabur - Head and Shoulder

Discussion in 'Technical Analysis' started by sujan4bw, Oct 28, 2012.

  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi Shabbir,

    Dabur has formed head and shoulder pattern in the daily chart.

    Below 127 will be trend change. Let me know your views.

    It's for short term.

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Oct 28, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Still I would not prefer shorting this stock when the trend is really really up.

    I would like to see a lower high because the current one is not very convincing. On top of that 122 should be a strong support.
     
    shabbir, Oct 28, 2012
    Share #2