DABUR BUYI hope you can now see how DABUR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
DABUR
Dabur long entry can be taken.Dabur stock in bullish mode. Recently stock has made the lift time high of 528 & tested the support area again. Long entry can be taken above the price of 507 for the next target of 525 with the Tight SL of 499. This time if stock able to sustain above the level of 525 , shortly new life time high can be seen @ level of 540-545. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
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Sunpharma : Best Bullish pattern Sunpharma is at crossroads and the view is it will cross 510 lvls within next few weeks and once it breaches 510 lvls it would be breaking out of multiple resistance lvls.
MACD is clearly showing abc bullish pattern where "C" wave part is about to begin on upside after breaking out.
Watchout Stock for August Expiry : Long SunPharma & Short Dabur
Long at CMP(485) or above 510 with sl at 465
Trail with 50EMA on Daily Charts if it breaks above 510
Dabur : Weakest Charts among FMCG Dabur is clearly trading in a range bound manner.
And looks like it we are about to breach the 460 lvls in coming few weeks, following an ABC corrective pattern.
MACD is also clearly unable to break on upside and is range bound and pushing downwards.
Looking for a short around 490-510 lvls in coming days with sl at 517.
NIFTY FMCG : At Crossroads Breakout or Reversal ?Nifty FMCG index is clearly showing signs of reversal.
Unable to cross Aug 18 highs till now, clearly HUL, Britannia, Nestle and Dabur all are showing neutral to bearish signs on charts except ITC which is clearly performing inversely to HUL.
Too much money has chased growths in the safest sector and now might be the time to book profits at almost highs and move into IT & Banking stocks.
View becomes invalid in case we cross 32500 lvls.
Dabur long entry can be taken.Now Dabur stock is on bullish mode & making higher highs for past few days. Now as marked the red trend line we can take the long entry above the level of 490 for the target price of 505. Stock is trading above the 50 & 20 EMA moving average. As can RSI is at 68 level & negative divergence seen so a bit cautious but stock is more likely to move upward. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .