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
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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
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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
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CMP 504.50 Started moving.
Both future & CE position in profit now. Holding with 490 SL now.
Trade active
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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
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CMP 507
Holding with CTC SL 498 now.
Trade closed manually
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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.
@yeshherbals I’m not able to spot any bearish flag on daily/weekly time frame. According to me, It will definitely move up from here. In case if it goes further down, I have strict SL 486 in system. :)
a4abhishekkadam
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@akshit_official, you have an early entry but it looks good for long for next 6 to 8 weeks, i guess i will enter ones it takes todays high thank you!!!!