Double Bottom : Dabur 9th Jan 2019

 

Double Bottom was spotted in Dabur on 9th Jan 2019 with above average volume. A Long position can be made at Rs. 422.6  (It has crossed the resistance level) with a Stoploss of Rs. 416.5 ( double bottom support level, indicating reversal of rally) and target of  433.1

 

Company Name:  Dabur

Direction: Double Bottom, bullish

Entry Price: 422.6 

Stop Loss: 416.5 

Target Price: 433.1

Duration: 22 days

2 Comments
  1. Naresh 5 years ago

    Hi,
    Double bottom has not been formed. use candlestick chart for better view.

  2. Author
    Dr. Lall 5 years ago

    ok

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