hrishipatel

Intraday SetUp For Dabur 3rd Jan 2020

NSE:DABUR   DABUR INDIA LTD
Buy(H4 Breakout)
If in Dabur , the 1st Candle which touches the H4 ie around 462.4 and its next candle is also Bullish and closed above H4 then enter on BUY side around 462.4 with Target around H5 (464.3) and Stop Loss around H3 (461.25).

Buy (L3 reversal)
If Price action is around L3 levels are not able to go below then look for Trend reversal candles. See the 1st Candle which touches the L3 levels Confirmation Candles close should CLOSE Higher than Previous Candle and its low should also be higher than L3 levels then enter BUY side around 458.95 with Target around H3 (461.25) and Stop Loss around L4 (457.8).

Sell (H3 Reversal)
If the Price action around H3 levels are not able to Go above then look for reversal candles, Confirmation candle HIGH should be less than H3 levels and its CLOSE should be less than Previous Candle CLOSE. Sell around H3 ie 461.25 with Target at L3 (458.95) and SL at H4 (462.4).

Sell (L4 Brealout)
If the prices fall below L4 level ie CLOSE is below 457.8 enter SELL position with Target around L5 (455.9) and SL (458.95)

Comments

Sell (L4 Breakout) was executed and Target mentioned was easily achieved.
Reply
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