Dabur India Ltd. : Intraday + Swing Setup


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.

I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.

Keep Learning,
Happy Trading!
Trade active


Most traders learn the stock market when their account reaches zero.
Course link :-

WHATSAPP :- 8966893932

TELEGRAM :- @Mrsanjay_p

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.