DABUR — 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.
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.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.