DABUR has broken many supports in a single
session. It has given a close of 161.50, a whole 3.40 % down. And it is not a
good sign for short term at least. There is a minor support at 161. In case of
respecting it, we might have a small bounce. And it is very well expected but the
trend has lost the strength on up side. On the breach of 161, we can set the
targets of 158 & 155. In case of close below 155, we might see the levels
like 150 & further down. In case of short initiated, one must keep a strict
Stop Loss of 166. Please refer the chart below for better reference.
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