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...
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...
Break of triangle on any of the sides could result in ~20 points move in that side
Long if sustained above 473 target 482/487/492 sl 457 **Educational purpose only
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Dabur is moving in a triangle and awaits a breakout! keep an eye on it!
Another symmetric triangle strategy. The stock could possible start a fresh bull rally to breakout of its long term trend channel. The stop loss at 420. Target around 560.
By using Butterfly strategy, Dabur is bullish. also slowly Covid cases decreases, i.e. recovery rate increases. so dabur india go up direction. Daily MACD show bullish, 14 days RSI 51 , so it also bullish. dabur target 500+ in july
BUY DABUR ONLY IF CLOSES ABOVE 470 TARGET 600 STOPLOSS 430 (ON CLOSING BASIS) NIFTY FMCG TOO SUPPORTING THE STRUCTURE
If resistance trend line breaks with vol we can see a upside movement. 1st target 452 , 473 & if crossed 480 we can see 500 plus level.
INTRADAY TRADE IN DABUR SHORT SHORT@456 STOP@460 TARGET@452 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
If it Breaks the support line, a sell up momentum can be seen.. Sell below 457 Target 1 - 452 Target 2 - 443 Target 3 - 432 *Use Tight SL according to your risk Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
DABUR after breaking out from a flag , now retesting at the supports. Considerable buy above 469 with SL 456 and targets of 480 and 510 in coming days.
FOLLOW
In daily time frame it is in channel formation formation of doji near support indicates indecisiveness in market if volume increases and market breaks the 478 level then go for buy Target 500