Expecting a bit of a side move, max bottom side still i touch the bottom BB, then the uptrend maybe gradual.
This is my first post. I am new to technical but old enough in market to suggest.
for educational purpose dabur is going up buy with sl of 270 for 284, 296
Wave count in this scrip looks like the wave C of the flat correction is under progress. Break below 260 can take this script to a minimum target of 230.
Dabur will give a short breakout Below 276.60 it can go to level downside level- 274.20/273 Upside safe level- 278.60
* Rallies stuck @ Fib number - Will Fib series continue? * Channel Breakouts (Red Lines) * Higher or Equal lows @ support line of channel (marked dashed blue)
It is been observed on a daily chart that the price action forms a bearish harmonic pattern known as Bearish Garltey pattern where the D leg is near to 88.6 retracement levels of XA leg and also 1.618 Fibs extension of AB leg. Now it shall retace back to 38.2% levels of AD leg at around 290 levels. Target: 290 Stoploss: 305
Dabur looks like it could go up even more. Results are coming up on the 26th.
Looks like there was a breakout today. Dabur Q2 net profit up by 5%
Hi All, Is this pattern valid? Is it a good opportunity to short Dabur tomorrow (26 OCT)?
Formation looks like an expanded flat for Dabur. The final corrective wave C is o=in the formation with the completio of wave 1. The correction is expected to pull the price to around 200 levels in the long term. First target can be around 250 ~ 230 levels.