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Dabur - Head and Shoulder

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

  1. sujan4bw

    sujan4bw Member

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    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
     

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    sujan4bw, Oct 28, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    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
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