AbhishekHSinghCMT

Dabur- Good for health at Rs 287

Long
NSE:DABUR   DABUR INDIA LTD
1
Dabur's chyawanprash- if you get it for 286-288 price range likely to be a good deal as prices can rise because people realized that Dabur still at its best in giving good health, but at the same time from long run let us not consume too much Dabur's chyawanprash -infact too much of something is always harmful.

Likely to travel atleast till 320 mark which had tweezer tops & can cross 320 as well, but that shall be in the future.

So, if it falls in the price band 286-288 -it shall be a good deal make sure it should not dip below 285- in that case one can just wait out on the sidelines.

Target Zone 320 with stops below 285- Looking to add in the range 286-288

Risk Reward- 1:15 (Extremely High End Reward)- To lose 2-3 bucks & gain 25 -30 bucks.

If it goes beyond 320 then I shall modify the counts.

Party Over for Fresenius SE
Trade active: 16:40 Hrs 29th Oct2016

Last Price@291.45

Hitting the box with risk reward & took U-turn from the box- We lose nothing just gain by putting stop at cost now.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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