Dabur Bullish

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Dabur BullishDabur India LimitedNSE:DABURthearcDABUR — Coiling Inside a Contracting Triangle, Testing Apex Resistance Dabur India (NSE) has been in a broader downtrend since late 2025, falling from highs near ₹560 to a low around ₹414 by April 2026. Since then, price has been consolidating in a contracting/symmetrical triangle — lower highs capped by a descending trendline, and higher lows supported by an ascending trendline — a classic volatility-squeeze pattern. Key observations: Price is currently trading at ₹438.90, right at the apex of the triangle, testing the descending trendline resistance. Immediate resistance/pivot zone sits around ₹440–443. A larger supply zone lies overhead in the ₹500–516 region — the origin of the prior decline. Support/demand zone below is marked around ₹414–438, coinciding with the recent swing lows and the triangle's lower boundary. Bias: A decisive close above the descending trendline (~₹440–443) with volume expansion could open room toward the ₹460–480 zone, with the ₹500–516 supply area as the next major hurdle. Conversely, failure to hold the rising trendline/support zone (~₹414–420) would suggest continuation of the downtrend. Triangle breakouts can be false, so waiting for a confirmed close (not just an intraday poke) beyond either boundary, ideally with above-average volume, is prudent. Not investment advice — for educational/analysis purposes only. Please do your own research before trading.