DABUR
Dabur India Proper Correction and BreakoutThere are sometimes when a stock completes its correction, makes a textbook chart pattern and start an up-move. This is what I have observed in NSE:DABUR on weekly charts. What a beautiful structure and just the right time to break-out. It even tested the 200 EMA on weekly and spend considerable time in forming its pattern.
Now these patterns can be tricky with stop losses sometimes. Hence, my plan is to simplify this for you. Keep Targets of 645 and Stop Loss at 580. Go Long.
Disclaimer: All information is shared for educational purpose only.
DABUR - Ichimoku Bullish Breakout Stock Name - Dabur India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 571
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Dabur might show a strong reversal Dabur is standing on a strong trendline support and is near its 200 week EMA which also is a strong demand zone.
If the stock gives a breakdown from this levels and subsequently forms a strong bullish candle, it will be an indication of bear trap and we might see a strong rally on the upside.
Currently, the candle formed is bearish and hence, it is wait and watch. Keep this stock on radar.
Breakout in Dabur India Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DABUR INDIA LTD possible Elliot wave counts on dailyHello Friends,
Here we had shared possible Elliott wave counts on chart of Dabur India ltd. in which we can see that currently we are in corrective phase of this stock, On daily chart we can see that possibly we are in wave (c) of Y of (4), post wave (4) we can start fresh rally towards wave (5) in north direction, but currently we still have to complete corrective phase which is in complex correction pattern, so labeled as W-X-Y, in which we have completed wave W-X and now possibly we are in wave Y, also I'll mention here that in wave Y we have finished wave (a) and wave (b) and now possibly we are in wave (c) of wave Y, in wave (c) we have done wave i, and wave ii and now we are unfolding wave iii of (c) of Y.
Along with wave structures we are witnessing lots of situations in technical charts which are aligning and supporting same bearish bias, like negative crossovers, breakdowns, low relative strengths, RK's Mass psychological cloud etc. etc.
I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Please check snap shots shared below
Possible Elliott wave counts on Daily time frame.
Possible Elliott wave counts on Hourly time frame
Support breakdown along with good intensity of volume
Price broken down from ascending parallel channel with good volumes
RK's Mass psychological cloud and stop line both indicating bearish bias ahead.
Bearish Sequence in major moving averages 50DMA is below 100DMA and 100 DMA is less than 200DMA
Price closed below lower Bollinger band on daily time frame
Price closed below lower Bollinger band on weekly time frame
RSI below 40 is too bearish in daily
RSI below 40 is too bearish in weekly
MACD in daily negative crossover under zero level
MACD in weekly also negative
MACD in monthly already running in negative mode
DMI ADX both in bearish strength in daily chart
DMI ADX both in bearish strength in weekly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
DABUR --Bullish --Weekly Chart DABUR -- Weekly --Bullish Chart pattern setup
TECHNICAL OBSERVATIONS .
1. DABUR seen bullish on weekly chart as chart pattern is higher high Currently .
2. Trendline support and channel support seen , Double bottom made on same support level .
3. CCI divergence seen on chart
4 . Trend reversal doji candle form at channel lower level support .
5. One can initiate Buy at channel support level 530-535 for target 550-580-600 POSITIONAL ( 1-3 ) Month stop loss 475 hourly /daily closing basis
HAPPY TRADING !!
** THI IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at own risk !
HAPPY TRADING. !
Dabur is going to break the supply or demand trendline tomorrow.DABUR is currently trading above the demand zone and between the supply and demand trendlines. selling volume is getting dried.
We should expect bullish movement up till the next supply zone if the supply trendline breaks.
However, if the demand trendline is broken, we might anticipate downward movement.
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for volume analysis "Wave Volume Divergence" Indicator has been used.
Dabur India Ltd | Best Time To BuyHello Everyone I am mr.sardar , Here is my Technical Analysis about Dabur India Ltd. this is the best Time to buy dabur India Ltd share. A strong Bullish Engulfing pattern make in one day chat see my Full analysis .....
This analysis only for Educational purpose.....
Dabur India Ltd : Buy at 536
First Target 570 no Stop loss 🎯
Target will be achieved with in Two months
DABURNSE:DABUR
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Dabur - Swing Trade PREVIOUS CLOSE
₹572.70
DAY RANGE
₹571.05 - ₹585.25
YEAR RANGE
₹482.25 - ₹658.95
MARKET CAP
1.04T INR
P/E RATIO
59.43
DIVIDEND YIELD
0.89%
Dabur India broke out the cup and handle with good volumes. Retesting can be seen at given levels then given projected prices can be achieved.
I'm not sebi registered please consult with your financial advisor before investing...
Just educational post
Happy trading guys