Dabur India : short duration Positional long Trade idea

As on Daily time frame Dabur stock price is at support on an up trending channel with a higher low, we may see a stock price gain up to previous swing high as 1st Target.

So Trade execution will be as follows :-
Long Entry (Positional Buy) @ or above ₹545
Stop Loss (in case of loss - Sell @ or just below ₹533
Target 1 : ₹575
Trailing Stop Loss : with 5 period simple moving average or at target if prices took residence at Target 1
Risk : Reward : 1:2.5

Disclaimer :- This post is just a educational study on trading idea & not a Trade Recommendation. Please do your own analysis and RESPECT STOP LOSS if you take Real Trade on this stock idea.
Comment: #Dabur
1st Target Achieved.
conservative traders may book profit or trail StopLoss with 5 period SMA ( simple moving average) colored blue in updated chart image link below or the new blue colored up trend line break down.
next Target could be Target 2 = 582, Target 3 = 600

updated Chart image Link :



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