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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