akshit_official

DABUR - SWING TRADE ON BUY SIDE

Long
NSE:DABUR   DABUR INDIA LTD
Symbol - DABUR

Dabur is currently trading near support zone of 500 - 510.

DABUR CMP - 506

I am initiating long positions in April Futures.

My SL would be 498 & Targets would be 525 & 540

It may move slow but it should move up from here.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active:

CMP 502.70

Consolidated enough. I think now it's ready for upmove.
I have also added 520 CE at 2.65 as RR is looking very favorable here.
SL is 1.80 & I'm expecting it to get 2x-3x easily from here.
Trade active:
CMP 491

Although my SL level 498 is reached but I am not exiting my long position. My buy setup is still active in Dabur.
I'm adding more position (both Future & 520 CE) here & holding with SL below today's day low i.e. 487
I think today's selling is just because of war news flow. Global & local markets are at support levels & should recover from current levels.

FUT Avg price now is 498.50
520 CE Avg price now is 2.03
Trade active:
CMP 504.50
Started moving.

Both future & CE position in profit now. Holding with 490 SL now.
Trade active:
CMP 504

Made bullish engulfing candle & kind of morning star pattern on daily TF.
It should move up now & must touch 515 - 520 soon.
Trade active:
CMP 507

Holding with CTC SL 498 now.
Trade closed manually:
CMP 499

CTC SL reached. Trade closed at cost.
520 CE closed at CMP 0.95
My buying was 2.03 so closed in 1.10 rupees loss.

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