One of the few stocks which is very close to its 52 week high is DABUR INDIA. It is forming a Triangle pattern - which is a continuation pattern and the volumes too have recently risen within this pattern.
Expect a break above 117 to provide further impetus to the move and target the 52 week high as your initial (first) profit booking level. Stop will be at 103 /-
Happy trading !
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd
4 comments:
Rajiv, any updates on Zinc? Its treading so close to the stop loss point, so a bit worried...
Rajiv, again another target hit...this time its USD INR call...spot on..business as usual...
now since your target has been achieved, do you think there is still some upside left in dollar or you think now dollar would depreciate which will have a positive effect on the equities/metals worldwide?
USD inr has hit an intermediate resistance at 49... I expect 49.50 to be the target which one can have... And at 49.50 we may re-evaluate regarding reversal... !
Regds
Thanks Rajiv...
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