Dabur India Ltd

NSE :DABUR   BSE :500096  Sector : FMCG

On the daily chart, Dabur India is moving in the form of Double Bottom pattern. As per Fibonacci projection prices can retrace up to 50% near 550 levels in near term. A rising window occurred on the candles. Prices closed above middle Bollinger band which is a sign of bullishness for the coming session as long as lower Bollinger is intact on downside. The Relative Strength Index (RSI) on the daily chart is 53.31; it has made a new 14-period high after a month of consolidation.

In short, Dabur India looks to be positive. Move towards 550 and then 558 levels can be expected as long as 524 levels stay intact on the lower side which is near the trend line support.

Check More Analysis on Dabur India at: Dabur India Ltd

Trent Ltd

NSE :TRENT   BSE :500251  Sector : Retail

As shown on the daily chart, the stock looks like it is breaking out of a symmetrical triangle formation. After attempting breakout prior to nine days, it had suffered a throwback from the resistance which took the stock to its support level. Wave [3] is ongoing which is usually the largest wave in an impulse pattern. The stock has shown an exponential rise in the form of wave [3] from the lows of 810.

The overall outlook for Trent Ltd will remain Positive. A break above 857 will allow prices to move towards 919 levels which coincides with 261.8% projection of wave [3] as long as 810 stays intact on downside.

Check More Analysis on TRENT at: Trent Ltd