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    HomeNewsBusinessMarketsBuy Dabur India, target Rs 424: Achin Goel

    Buy Dabur India, target Rs 424: Achin Goel

    Traders can accumulate the stock in the range of Rs 390-394 for the target of Rs 424 and a stop loss placed below Rs 379, says Achin Goel of Bonanza Portfolio.

    Moneycontrol News
    June 28, 2018 / 11:22 IST
    Dabur India | CRISIL reaffirmed its credit rating at AAA/Stable for long term bank facilities. (Image: Moneycontrol)

    Achin Goel

    On the daily chart, Dabur India has moved above the falling trendline which indicates the demand has surpassed the supply in the stock which in turn may take the stock price upward over the very short term.

    In addition, price breakout was backed by a spurt in volumes. The momentum oscillator RSI (14) has entered in a bullish crossover and currently hovering above 65.

    Traders can accumulate the stock in the range of Rs 390-394 for the target of Rs 424 and a stop loss placed below Rs 379.

    Disclaimer: The author is Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd. The views and investment tips expressed by investment experts on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Jun 28, 2018 11:22 am

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