Buy After a consolidationDabur seems to be in the C wave which means it could go back to the previous highs. Now it can either shoot up straight from current levels or consolidate first and then go high. The highlighted consolidation can repeat itself -in the opposite direction- which can give a good risk/reward than from current levels. Watch out for a consolidation and IF it happens, a breakout buy to the up side should be ideal risk- reward.
DABUR
Dabur buy @400-404 | Stop of 390 | target of 430-40-50Dabur is at flat bottom cloud support & trendline support on weekly charts. It is also at the rsi support/reversal levels in daily chart. Dabur can be a good risk reward tradea at current price levels.
Buy DABUR
Near - 400-404
Stop below 394 on daily closing basis or price stop of 390
Probable targets could be 425-35-55 levels in a 2-3 weeks time frame.
LONG DABUR || SL 440.5 || FOR 11TH FEBBuy dabur on a minor dip with a SL of 440.5 and targets of 453/458. #intraday
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.