johntradingwick

Dabur - Coming out of Accumulation soon!

Long
NSE:DABUR   DABUR INDIA LTD
The volume on the bearish candle was concerning but the Bulls absorbed all the supply and hence the next candle was a hammer . The price is in a range/accumulation phase. An ambush entry can be taken with the previous low as a stop loss. A safer entry can be taken after the break of the range on the upside.

Targets: 547, 562, 578.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: Going as expected. Trying to consolidate the gains.

Comment: Target 1 Reached
Comment: Target 2 reached. ✅✅

6% up till now. 🚀
Comment: All targets reached. ✅✅

9% gain in 2 weeks. :)

Related Ideas

Comments

where should be SL?
Below the low of Hammer candle?
Reply
@gkinoct2020 Yes that is correct.
Reply
Excellent chart skill
Reply
johntradingwick psrarunisaimaran
@psrarunisaimaran, Thank you :)
Reply
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