DABUR INDIA LTD – Long-Term Reversal in Sight with Multi-Signal Confluence 🌿📊

📌 Technical Analysis Summary: ✅ Bullish MACD Divergence on Monthly Chart MACD has formed a strong bullish divergence — while prices made lower lows, the MACD histogram and line made higher lows, signaling a momentum reversal is likely. ✅ Support on 200-Month Moving Average (AVWAP equivalent) Price has taken support near the 200-month average (~₹427), which historically acts as a strong accumulation zone. This also coincides with past demand zones. ✅ Price Action Turnaround After prolonged consolidation and underperformance, this month’s bullish engulfing candle (July 2025) signals renewed buying interest. Early signs of a bottom formation. 🔍 Fundamental Strength Checklist: ✅ Debt-Free FMCG company with strong legacy and brand trust ✅ Consistent dividend payer and stable earnings ✅ Expanding rural and Ayurvedic product portfolio ✅ Strong distribution moat across India and international markets 🧠 Elliott Wave Insight: Long-term price action indicates a corrective phase (Wave 4) may be completing. Given the recent bounce and divergence, a Wave 5 uptrend toward previous highs (~₹650–₹700) is likely. 🔑 Key Levels: Support: ₹427 (long-term moving average) Resistance: ₹585–₹600 zone Breakout Confirmation: Sustained close above ₹600 can trigger a long-term breakout ✅ Conclusion: Dabur India appears to be in the early stages of a long-term reversal, supported by technical divergence, historical moving average support, and strong underlying fundamentals. A great watchlist candidate for long-term investors seeking stability + upside potential.