Small correction after hitting the weak resistance of 520.
All for educational purposes only
I 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...
Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
DABUR IS AT A VERY GOOD LEVEL FOR BUYING. DO THE REFER THE CHARTS FOR THE DETAILS AND FOLLOW IF YOU FIND MY ANALYSIS ANY HELPFUL. TRADE ONLY IF IT SUSTAINS 500.
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...
As we can see in the charts, Dabur is trying to break the important levels but it has failed today. Should be an interesting trade for next few days.
Note: This is for educational purpose only. There seems to be a bullish triangle breakout with high volume. RSI above 60 indicates high bullish momentum.
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)...
breakout or breakdown targets:- in breakdown:464,440,428,411 in breakout:506,516,524 for educational purpose
Dabur buy above 475 TGT 478 -480-482 SL 468
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.