SANJAYPATIDAR_

Dabur India Ltd. : Intraday + Swing Setup

NSE:DABUR   DABUR INDIA LTD
DABUR

Dabur India Ltd. Intraday + Swing Analysis
1. Dabur has been forming a Channel on the hourly timeframe and its also near a support zone
Most channels are the last leg of a trend.

1.(a). For intraday, it has been forming a range near channel resistance so one can trade this range Breakout or reversal(Down leg in the channel)
1.(b).Fib retracement is at 0.5 Ratio
So we will look for a breakout of the channel and resistance trendline (mention on the chart) that will give us a Double confirmation.
##Targets should be 550 for intraday and for swing 569/600+
Stop is Below channel
2.RSI divergence

3. On a Weekly chart, you can see it is near the support trendline.

This is only for educational purposes only.
Always trade with stop-loss.

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