Dabur reversing from a strong supportDabur has tested the same trendline numerous times and this could be a great entry point to go long in the stock.
NSE:DABUR
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DABUR
Dabur India swing + Investment ideaDabur (Swing + Investment)
formed too many bearish reversal candles near resistance but price is not falling & spending time near resistance.
500 level is good support.
above 540 it will blast as it will break the all time high.
we will observe price action near 500 area
Stock Analysis of Dabur.Price - ₹517.15 Dt. - 16-11-2020
From Oct. 1 the price is moving in a range between 506.5 and 535.5. Stock is also taking the support of trendline regularly. Recently on 11th Nov. stock took the support of the trendline. The price has given the close near the 21DEMA and we are expecting the correction near the 510. RSI is neutral.
DABUR looks bullishDabur has broken the ascending channel in hourly chart with a gd volume.
#positional
Buy dabur at 522
Tgt: 530, 545+
Sl: 513
Timeframe: 1 weeks
Dabur - Cup and Handle PatternDabur has shown breakout from cup and handle pattern.
CMP = 530
SL = 500
Target = 600
Levels are approximate, as I am planning to enter for long term.
Also, RSI is constantly supported @ 40 levels.
Note - material strictly for educational purposes, do your own risk assessment before entering any financial positions.
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Dabur moved as expectedDabur is moving as per our expectations. It may give a chance to go long again after a pull back.
DABURDabur :- 535/540 above target 560/70++ sl 505 dcb
#Disclaimer:-I just shared view for only educational purpose.
DABUR under significant pressure#Dabur rose quite a bit on 19th & 20th Oct.
Between 21st & 22nd it has not only given up all the gains but looks under a lot of pressure and may soon crack if it falls below 508 and spends some time there..
If that happens we may see fall by another 10 to 15 points.
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Dabur is showing strengthThe analysis is given on the chart
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Be aware of what you are trading and the risk associated with it.
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DABUR - 1HRDABUR - 1HR - Long , Trading in Triangle Formation , we can see , very good moment once its breaks either side.
Dabur intra day tradeDabur strong pull back taken from the support level of 505. Buy above 517 TGT 525-530-532 SL 509 Swing traders can use trailing SL.
DABURLook For Breakout in Both (Pattern & Volume)
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