In line with correction in the benchmark index, FMCG counters are also witnessing corrective move but their overall uptrend is still intact.
During this phase, Dabur has retraced from its 52 weeks high i.e. 235.55 and currently trading around important support area of 100 EMA on the daily chart.
Keeping in mind existence of strong support , it’s likely to consolidate around the current level and resume its overall uptrend in the coming weeks. So, one can accumulate this counter between 202 - CMP (205.85) level with closing below stop loss of 194 for the target of 230 levels.