Dabur India looking for breakout from it distribution phases
Dabur 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. If our material is helpful towards making...
Dabur is moving as per our expectations. It may give a chance to go long again after a pull back.
Dabur :- 535/540 above target 560/70++ sl 505 dcb #Disclaimer:-I just shared view for only educational purpose.
#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. #Stocks #StockMarket #Intraday #TRADINGTIPS #BULLISH #Watchlist #stockstowatch #DayTrading #NSE...
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
Let price close below 525 for safe entry
DABUR - 1HR - Long , Trading in Triangle Formation , we can see , very good moment once its breaks either side.
Dabur 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.
Closing above 530 leads to good upmove Supply zone 530-510 demand zone 480-450
The pattern is a perfect example of pullback trading as the stock had given a multi-time frame breakout in the last session. Now is forming a wedge pattern, indicating the bullishness to continue. And also note that FMCG sector is bullish. This is not a recommendation, Its for educational purpose only. Trade Safe!!
The stock has broken above its resistance with good volumes. Look up the chart for details