DABUR EQUITY levels ...01/06/2021 (D candle)
Details on Chart Note: This analysis is only for educational purpose.
Dabur is looking bullish in for coming days. Disclaimer - Only for educational purpose.
Support 519 and forming a triangle with good past support, 1 R1 s38 , tg 565, 585
support and resistance level mark no loss strategy sell call 560@4 sell put 515@4 total points 8 gain 1250*8=10000 open for discussion wait till expiry enjoy profit find me everywhere
long now in cash for target 600 stoploss only 535
Market is reacting to the bad quarterly results and traders are enjoying with short positions. Rest information is already there in the chart itself.
THE VALUABLE COMPANY BABUR GIVE A BIG RALLY 500 TO 575. NOW IT IS IN REVERSAL SO NOW SELL THE DABUR. AND WAIT FOR SUPPORT THE FIRST SUPPORT IS 550 AND THE SECOND SUPPORT IS 339.
After a long time it has broken consolidation range. It has also given Wedge breakout on the daily chart. We can expect Pattern target as 655 to 695 in mid term. All indicators and oscillators are indicating bullishness. Above 25 ADX will add more strength to the trend.
DABUR is breaking out of the channel pattern and is likely to touch 600 in the short term.
Buy Dabur At Cmp 560.7 Strict SL - 534 (WCB) Target - 605-610/640
Dabur is breaking out of this triangle pattern on weekly chart. Will wait for a closing tomorrow and find long opportunity.
Dabur is continuously making higher tops and higher bottom, it is good momentum and the current lockdown in different states also supporting the charts with a reasoning that people are again stocking up FMCG / Herbal goods.