Buy Dabur India with target of 261

Dabur India Ltd (NSE:DABUR) is showing strength in the daily chart. In the candlestick chart, the chart has formed Morning Doji Star pattern. It is three days pattern, where the first day stock goes down and on the next day there won’t be an significant direction, but on the third day there will be a positive close with reasonable volume.

Dabur had negative close on 25th and indecisive doji pattern on 27th. Decisive positive close on 28th with volume of 2.2 Million shares in National Stock Exchange. The 10 days average volume is currently at 1.3 Million.

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Buy Coal india with stop loss of 286

Coalindia Ltd has formed Bullish Harami pattern in the candlestick chart. On Friday the stock went up by 3.9% or 11.25 points with volume of 8 Million shares in the National Stock Exchanges. The volume is well above the 10 days average volume of 2.1 Million shares.

On Thursday the stock has made 52 weeks low of 286.50. Any open above Friday’s close can be treated as bullish with stop loss of 286 levels.

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