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...
Dabur Is In Consolidation Phase Since July 2022
Hasn't Participated In The Index Rally.
It Is In The Range Of A Parallel Channel Formed Since 2012
It's Best Time To Buy Here At Cmp 506
Add Some More If Price Fall To 450-460
SL - 435 ( Weekly Closing Basis )
Target - 1000
Not a recommendation but I think it is a good stock and will perform well in the near future.
Dabur successfully closed @531.60 and is now Trading at its support level.
Dabur Flag & Pole Pattern and double bottom double confirmation Jackpot view on daily tf
can look for first tp of 600 and final tp of 650-660
with stop of 538 on daily closing basis
Risk reward ration will be 2.52
dc : only for educational purpose
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it help me to motivate
📊 Details
Dabur India is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products.(Source : 202003 Annual Report Page No:280)
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your...
Chart type - Heikin Ashi
Time frame - Weekly
Indicators Used:
1. Moving Averages
2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597
Analysis Notes:
1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%.
2. The ...
We have shared this scripts with our friends and followers.
It's time to book profit in Dabur. Can play PE option at the level of 588-89.
Reason:
1. Weekly resistance line
2. PRZ zone
#DABUR... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Last time as per analysis we shared graph to open short position. Dabur have moved 5% from top. Now it's time to book your short position. And above 600, we can plan for equity holding.
The way Indiamart did as you can see in the last post,
showing Dabur with somewhat similar conditions.
It gave fakeouts and Reversed.
Let's See if this performs same the way Indiamart did.
There are sometimes when a stock completes its correction, makes a textbook chart pattern and start an up-move. This is what I have observed in NSE:DABUR on weekly charts. What a beautiful structure and just the right time to break-out. It even tested the 200 EMA on weekly and spend considerable time in forming its pattern.
Now these patterns can be tricky...
Stock Name - Dabur India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 571
#This is not Buy and Sell recommendation to any one. This is for education...
Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone.
If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside.
Currently, the candle formed is bearish and hence, it is wait and watch....
Dabur is trading at its 200 EMA on weekly chart. It has formed Bullish Harami Candlestick pattern also. It has strong Open Interest Support (MAY 2023) at 500. RSI is currently taking support from 40 levels.
Support: 500
Resistance: 550
