Dabur - Ready for correction? Short

DABUR INDIA LTDNSE

Description

⋅ Aug 12, 2018 4:09 AM

DABUR is heavily overbought on daily, weekly and monthly charts. Its also showing price reversal at a multi-month, multi-year resistance point.

SELL setup
CMP: 442.60
Sell below - 444
SL -451
TGT - 412, 383, 350, 315

Trade closed: stop reached

⋅ Aug 14, 2018 9:07 AM

Comments

AmJay

⋅ Aug 13, 2018 3:20 PM

Can it reach the first Target this August expiry?

anuragcoma15

⋅ Aug 13, 2018 6:20 PM

@AmJay, almost if not completely

anuragcoma15

⋅ Aug 13, 2018 6:38 PM

@AmJay, if you're reading futures then look for next expert futures. There's not much extra premium on that

aaab1963

⋅ Aug 13, 2018 8:08 AM

SL is spot or on closing basis.

anuragcoma15

⋅ Aug 13, 2018 8:56 AM

@aaab1963, Closing basis of 30-min candle is my choice; else go with spot. I don't suggest waiting till EOD to calculate your loses.