 "Dabur has been consolidating in a range while holding strongly above the support zone")
Dabur India Limited
Recommendation: Buy
Last Close: 513.85
Initiation range: 512-515
Target: 542
Stop loss: 500
We've seen tremendous buying interest in the FMCG majors of late. However Dabur has been consolidating in a range while holding strongly above the support zone of the medium-term moving average (100 EMA) on the daily chart. The chart pattern now indicates the possibility of a steady up move from hereon. We thus suggest initiating fresh longs in the given range
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Havells India Limited
Recommendation: Buy
Last Close: 864.80
Initiation range: 858-862
Target: 920
Stop loss: 830
Havells has witnessed a breakout from a
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