Dabur India – Pullback Opportunity Before the Next Bullish Move

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Dabur India – Pullback Opportunity Before the Next Bullish MoveDabur India LimitedNSE:DABURnandupkThe price has witnessed a sharp rejection after testing the ₹450–₹453 resistance zone and is currently trading around ₹436–₹437. Despite the recent pullback, the broader structure remains constructive as long as the stock holds above the key demand zone. A sustained move back above ₹452.80 could revive bullish momentum. The key demand/support zone lies near ₹420.60 – ₹452.80, which could act as a strong base on pullbacks. Trade Plan Entry Zone: ₹435 – ₹445 (on consolidation or a bullish reversal near current levels) Stop Loss: ₹420.60 (below key demand zone / invalidation level) Primary Targets: ₹481.60 (near-term resistance level) ₹516.60 (major resistance level) ₹549.50 – ₹550.00 (extended target if momentum continues) Chart Observations • Price recently attempted a breakout but faced profit booking near the ₹450–₹453 resistance zone. • The ₹420.60 – ₹452.80 zone is acting as a strong demand area and recent support. • Current price action around ₹436 suggests a healthy pullback rather than a trend reversal. • ₹481.60 is the immediate resistance where price may encounter initial selling pressure. • A breakout above ₹481.60 can push the stock toward ₹516.60 and eventually ₹549.50–₹550.00. • The broader trend remains positive, but buyers need to reclaim ₹452.80 to confirm bullish continuation. Notes • This is a pullback continuation setup within an emerging uptrend. • The stop loss at ₹420.60 helps manage downside risk effectively. • Traders may consider partial profit booking near ₹481.60 and trail the remaining position toward higher targets. • A strong bullish candle with increased volume above ₹452.80 would significantly strengthen the bullish outlook. Disclaimer This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and apply proper risk management before taking any trades.