Shanmuga_Sundaram_R

BUY DABUR - Channel support level for min 5% target

Long
NSE:DABUR   DABUR INDIA LTD
It is being traded well in a channel for life life time. It gave a break out few months back and again returned to the channel. Now it is trading at its channel support level . Hence it would be the good buy at this level 525-530 for the short term return of 550/560 and mid term return of 635/700( yes 700 as it would be reach post break out ).

Strick STOP LOSS level of 520, as in monthly chart it seems to be going down towards 480 level.

Note: It is just my opinion and not a recommendation or promise.
Trade closed: target reached

Comments

I can see a HEAD and Shoulder pattern here, which opens its downside till 460, view negate if counter gives closing above 541.
Am I missing something?
Reply
Shanmuga_Sundaram_R maneeshwalia14893
@maneeshwalia14893, you are right , thats y I have mentioned the last statement "Strick STOP LOSS level of 520, as in monthly chart it seems to be going down towards 480 level."
but on seeing the market condition and Dabur stock bullishness it would take the support and would be head for 560.
Reply
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