DABUR
Inverse head and Shoulder pattern in DABUR for target of 534+Bullish inverse head and shoulder pattern in Dabur and this will breakout above 515. If breakout happened it will ready to target of 534+ in 1-2 trading session. After breakout possible, it will show some breakout correction from 519 to breakout level. Breakout level becomes support after the breakout and it will bounce back towards the target from 515 to 534+.
The good entry point for this trade is at 515 but if want to wait for correction then can take entry above 519 after correction.
Possible Trade:
Buy DABUR above 515
Stop-loss - 508
Target 534+
Dabur - INVERSE HEAD & SHOULDERS PATTERNAn INVERSE HEAD & SHOULDERS PATTERN is a clear cut indication of a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
#DaburIndiaBreakout confirm only after daily closed above Red resistance line. One can take position at CMP for Low Risk Setup.
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Dabur - Pull back trading (Remember the past)Dabur has a history of giving pullback traders very good oppurtunity to enter. any breakout in dabur will be followed by a pullback. Traders can take long positions once the trend confirmed or think of entering early if you are a risk taker.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!