Dabur --- Cup and Handle Formation - Breakout
Hi guys as shown in the Chart Dabur has formed Cup & Handle Formation and given a breakout with Big Green Candle with very good volumes
- Currently it is coming back to retest the Support which was once Resistance
- Buy once it Sucessfully test the Support and bounce back from it ...
Buying Setup :-
-- You can currently buy in Dips till Support 582 or you can just wait for it to complete the re-testing phase
- For Super Safe side ... buy above the Current high i.e 594
Stop loss is mentioned in the chart
Targets are generally the 100% of the Depth of the cup , so if we measure it targets can be :
T1 = 612
T2- 640
Note : I am still a learner ... So if i miss anything ... Please let me know :)
Disclaimer :- This is just for education purpose only ... not a trading advice.
- Currently it is coming back to retest the Support which was once Resistance
- Buy once it Sucessfully test the Support and bounce back from it ...
Buying Setup :-
-- You can currently buy in Dips till Support 582 or you can just wait for it to complete the re-testing phase
- For Super Safe side ... buy above the Current high i.e 594
Stop loss is mentioned in the chart
Targets are generally the 100% of the Depth of the cup , so if we measure it targets can be :
T1 = 612
T2- 640
Note : I am still a learner ... So if i miss anything ... Please let me know :)
Disclaimer :- This is just for education purpose only ... not a trading advice.
Disclaimer
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