Fw: IIFL Express Idea: Dabur India - BUY

Dabur India – BUY CMP Rs102, Target Rs115, Upside 12.9%   After a long consolidation, Dabur India has broken out from a falling channel. This has brought to an end the short-term downtrend in the FMCG counter. The price has sustained above the falling channel and has formed a convex structure on the daily chart, indicating a steady accumulation in the counter. A move past Rs100 should provide a decent upside opportunity of 10-15% in the near term.    On the weekly chart, the RSI has given a positive crossover after a long time. This also provides better risk reward ratio from the current levels.     Please click here to view the attachment.       Warm Regards,     India Infoline Research Team