We published about Dabur in April, 2018 and predicted a possibility
of Multibagger returns in coming 3-4 years. This stock has managed to
outperform the market giving almost 51% returns in over a year time and
made a life time high near 523 levels on 12
thFebruary 2020
Below
is the chart which shows a detailed analysis of Dabur which helped to
predict this target levels using Channels, Time Cycles and Elliott Wave
technique. We recommended this stock when it was quoting near the 350
levels and was successfully able to catch the upmove. See yourself how
we were able to catch the upmove even before it began.
Below is the chart showing detailed analysis published in our research report –
“The Financial Waves Multibagger Update”
Dabur Weekly Chart: (Anticipated as on 18th April 2018)
Dabur: Giving 51% returns, How to identify Multibagger stocks?
Dabur Weekly Chart:(Happened as on 20thFebruary 2020)
(Following research is taken from Multibagger report published on 18th April 2018)
Multibagger stock recommendation: Dabur
Buy Price – 340 – 350
Time Horizon – 1 – 2 years
Investment – 5% of capital
Target price – ???
Stop loss – ???
Anticipated as on 18th April 2018:
Elliott wave perspective: As shown in weekly chart of Dabur, from
2012 to mid-2016 prices moved higher from the levels of 92 to 316
levels in the form of primary wave III which is more than 240% increase.
After the strong bull run this stock was contained within a
consolidation and prices drifted lower from the high of 316 levels to
265 levels in the form of wave IV.Post which prices completed wave (1)
of wave V at 365–levels followed by wave (2) of wave V at 316-levels and
currently wave (3) of wave V is on-going on upside.
…weeks cycle: It
is now time to look at the bigger cycle in order to understand the
probable reversal areas from medium term perspective and we can observe
that exactly at the cycle day important bottoms are formed. Following
which prices have shown sharp rise and touched all-time high. As per
…weeks cycle, stock has made a low at 316-levels which also happens to
be the support level which was resistance earlier as shown in the
figure. This shows that going forward, prices have high probability of
giving a sharp rise.
Channeling technique:
Since 2012, prices are intact in upward moving blue channel. This
channel shows that there is huge space on upside which indicates that
the stock has high potential to move northward.
In a nutshell, various
indicators like Time cycle, Exponential Moving Average, Elliott wave
counts and channel technique suggests that we can expect this stock to
rally towards ….levels over next 1 to 2 years with ….as very important
support which is the level of start of wave V on upside
Happened as on 20th February 2020 – The
stock has been moving in sync with our expectation and currently
quoting near 511 levels. It has touched its new lifetime high near 523
levels on 12
thFebruary 2020. The upmove has been strong and
we expect prices to achieve its target of …..levels in coming months.
The stock is giving a return in excess of
51% in just One year of time
As
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straight line. It’s the volatility that creates opportunity to earn
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