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.
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.
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 : tradingview.com/x/S1c6Qqap/
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