DABUR INDIA LTD - Forming Reverse Flag Pattern
Updated
Dabur India Ltd is forming a Reverse Flag Pattern and it is about to give a breakout at 528.
Based on the pattern, one can enter around 528 after the breakout and target can be set around 487 with Stoploss of 540.
This gives us risk to reward ratio of 3.3. Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Based on the pattern, one can enter around 528 after the breakout and target can be set around 487 with Stoploss of 540.
This gives us risk to reward ratio of 3.3. Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Note
Dabur gave breakout from 528 as per pattern.Trade closed manually
Reverted back to breakout level from 503.
Disclaimer
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.