technofunda_trader

Dabur ready for a uptrend!πŸ€©πŸ’ΈπŸ”₯

Long
NSE:DABUR   DABUR INDIA LTD
Both TECHNICALLY and FUNDAMENTALLY strong stock.πŸ’ͺπŸ’ͺ
The company recently posted the best Quarterly result and will very likely post a similar result in Q3 too.
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The stock has a history of taking support precisely from the 200 EMA . This time too, it is trading near 200 EMA which is also a major support zone . Now, with the breakout of the retracement trendline and the W Reversal pattern, the retracement seems to come to an end & we can expect a strong rally from this level.
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πŸ’Ž@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE πŸ˜„πŸ˜„πŸ˜„
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