Q2 profits, FMCG Stock Dabur Result. Q2 Profit
The net profit for Q2 of 2019-20 marked a 15.1% growth yoy.
Dabur India rose 2.11% to Rs 469.45 after consolidated net profit rose 6.91% to Rs 403.64 crore on 4.09% rise in net sales to Rs 2,211.97 crore in Q2 September 2019 over Q2 September 2018.
Source: business.standard
Technically stock is completed its corrective wave and started next impulse wave, the projected target for short term or near by future is 515 to 530
Disclaimer: the posts are for only educational purpose
DABUR trade ideas
Dabur is a sell below 390 and Buy above 405 The chart shows strength on daily and weekly chart. With hourly and minute the chart appears weak.
The only thing thatgives confidence is that 22 EMA has breached the 50 day SMA and till 390 level is sustained no need to panic.
If breaks 390 we may see 365 level.