Investors with a short-term perspective can consider selling the stock of Dabur India at current levels. Since encountering a key resistance at ₹460 in early February, the stock has been in a medium-term downtrend. While trending down, the stock had breached a key support at around ₹420 and continued to trend downwards.
The short-term outlook is bearish for the stock. It can continue to trend downwards and reach the price targets of ₹372 and ₹364 in the upcoming trading sessions. Traders can sell the stock with a stop-loss at ₹396.
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