Nimish_Ghagare

Swing opportunity in Dabur

Long
NSE:DABUR   DABUR INDIA LTD
Go Long above 544.4 for Targets of 559.25, 574.1 with SL 529.55

Reasons to go Long :

1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1 Day chart we see the stock is taking support of 0.618 Fibonacci level.

2. Around 0.618 Fibonacci level, we can see that the stock is forming double bottom (W pattern) which is bullish .

3. In addition to this the stock gave trendline breakout.
Trade active: Entry Triggered on 01 July 2021
Comment: Target 1 achieved on 8 June 2021. Now trail SL to Buy price for higher targets.
Trade closed: target reached: Target 1 achieved on 8 June 2021. Now trail SL to Buy price for higher targets.
Trade closed: target reached: Target 2 achieved on 15 June 2021
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