DABUR is in an uptrend since January
end and still going strong. And past one month it is in a trading range of
merely 6 to 8 Rs. We assume that it has already broken out of range. Today’s
close is at Rs. 178.30. If it sustains
above 178.50, one can buy this stock,
for the targets of Rs. 182 and Rs. 184. All time high is at Rs. 184.10 and
there are fair chances that this stock might make a new high. Since long we are
telling the same thing that we are trading in a highest range of price band. So
we have to be extremely cautious with all the longs in stocks and NIFTY as well.
So after initiating a long one must keep a strict Stop Loss of Rs. 174 on
closing basis.
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