vanathi

Dabur - Slopping down!

Short
NSE:DABUR   DABUR INDIA LTD
327 views
12
Price action of Dabur has broken the upward trendline indicating bearishness. RSI and TSI shows hidden bearish divergence. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH). Dabur is sell below 278 with the stoploss of 279. Targets are 270, 268 and 265. Always protect your profit with trail stop.
Trade active: Sell @ 275 on 3/9/17
Trade active: Didnt hit the stoploss even in this euphoria market movement, trending @ 272
Trade closed: stop reached: Flag break out. Is it forming cup and handle?
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Comments

Yes it look like forming cup and handle....Am in buy position today..target is swing high somwhere 288...
Reply
vanathi Prinish2430
@Prinish2430, Ok, great
Reply
Bought 4557 force motors 10 shares and
100Advance enzyme @ 1940 plz suggest exit price trg
Reply
naveengehlot naveengehlot
@naveengehlot, @4557
Reply
vanathi naveengehlot
@naveengehlot, I dont give suggestions for others trading. You entered as per your trading plan. You should have planned target, stop loss and all.
Reply
vanathi amitbnl07
@amitbnl07, Thank you for sharing the chart. It would be better if you have explained it.
Reply
@vanathi, i think on daily charts stock is forming a bullish flag
Reply
vanathi bearishbull1968
@bearishbull1968, Got it. Thank you for the information :)
Reply
amitbnl07 amitbnl07
Reply
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