Dabur share prices are seeing a decent up move. Though stock markets are facing turbulent times, the Dabur share price is looking to move still higher.
Past price action of Dabur stock has made an Inverse Head & Shoulders Pattern. It is a bullish chart pattern. That means the stock prices are expected to increase in future.
In the previous week’s trading sessions, the Dabur share price broken out of this Inverse Head & Shoulders Pattern.
The breakout point or the neckline of this pattern corresponds to share price of ₹ 430. Sustaining above ₹ 430 may lead Dabur share prices to price target of ₹ 495 in the coming 4-5 weeks.
Short term positional traders may consider going long in this stock. The upside may be somewhere around ₹ 65.
Considering the current Dabur share price around ₹430-440, the upside amounts to a handsome 15% return approximately.
The Stop-loss for this trade can be placed at ₹ 394.