DABUR : 15%+ Upside Potential - Bulls on the way for reversal!⚡Price Analysis:
1️⃣ Strong Demand zone
2️⃣ Price structure is bullish.
3️⃣ Price needs to close above 533 in weekly only then good momentum can be expected
4️⃣ RRR is favorable.
✨ My Expectations:
➡️ Aggressive early entry can be planned at CMP.
➡️ Confirmations are still pending
➡️ 1:3RRR can be expected
1H TF:
- Anticipating a strong trendline break...
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Daburindia
Dabur India Stock at a Critical JunctureDabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart.
Key Highlights:
Strong Support: The stock has consistently respected a long-term ascending trendline since 2012.
Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown.
Current Level: Trading at INR 507.50, near critical support at the trendline.
Outlook:
Bullish Case: A breakout above the triangle could target INR 680.
Bearish Case: A breakdown below INR 480 may signal further downside.
DABUR - LONG TRADE IN FUTURESSymbol - DABUR
DABUR is currently trading at 522
I'm seeing a trading opportunity on buy side.
Buying DABUR Futures at 522
I will add more long position at 510, if comes.
Holding with SL of 503
Targets I'm expecting are 542 - 560 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
DABUR FOR 27% UPSIDEWe will execute half quantity now and half quantity on dips Dabur looks promising on the charts there are several peers which are giving a strong competition to Dabur but in the long run the growth potential is big.
Charts are up for a buy call.
NOTE: Holding are there in this stock on the lower levels, Having positions around 500
DABUR - SWING TRADE ON BUY SIDESymbol - DABUR
Dabur is currently trading near support zone of 500 - 510.
DABUR CMP - 506
I am initiating long positions in April Futures.
My SL would be 498 & Targets would be 525 & 540
It may move slow but it should move up from here.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Dabur Long Term TargetsThis is a Weekly chart. Here are some observations:
1. Price has been in a downtrend since Oct 2021 forming a large cup potentially finishing around Jun 2025 with neckline at ₹650
2. The red trendline still has to be broken to officially get into the uptrend
3. The recent green trendline has been breached following the healthy Quarterly results posted yesterday
4. Price has touched levels of 500 multiple times suggesting it to be a strong support zone
5. Multiple resistance levels on the way up particularly at 565, 600 and 650. All of them can be used as short term targets as well
6. Final target at 800 based on the cup (500 to 650)
Growth Drivers:
1. Economy has faced high inflation in recent times reflecting in the downtrend of stock performance
2. Consumer companies are reporting rural uptick in sales
3. Global consensus of rate cuts in 2024/2025
4. India’s growing population and per capita income
Verdict:
Considering both the macroeconomic factors and the fundamental/technical combination of Dabur, it seems like it has bottomed out at around 500 and is ready for the uptrend likely to hit ₹800 in the coming years. A handle formation is likely at ₹650, so the earnings have to be tracked closely. Happy trading!
Dabur India, BullishDabur India shows bullish setup with confluence of multiple patterns. The stock is trading below and
approaching #200EMA which is important support / resistance level. The stock has given 5month
trendline breakout, along with W-pattern and is also forming rounding bottom pattern. The key levels
to watch out are indicated in the chart.
Dabur India, Bullish, Target 680The chart of Dabur India shows successful completion of rounding pattern (as explained in previous idea) and now forming Cup-Holder pattern within S/R zone. On breakout, the stock
may reach the level of 680 which is the next technical target after rounding bottom pattern.
This is not any buy/sell recommendation, just chart pattern based technical analysis.
#DABUR... Looking good 22.05.23 frm now#DABUR... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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DABUR INDIA LTD - Forming Reverse Flag PatternDabur India Ltd is forming a Reverse Flag Pattern and it is about to give a breakout at 528.
Based on the pattern, one can enter around 528 after the breakout and target can be set around 487 with Stoploss of 540.
This gives us risk to reward ratio of 3.3. Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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 India Ltd. : Intraday + Swing Setup NSE:DABUR
Dabur India Ltd. Intraday + Swing Analysis
1. Dabur has been forming a Channel on the hourly timeframe and its also near a support zone
Most channels are the last leg of a trend.
1.(a). For intraday, it has been forming a range near channel resistance so one can trade this range Breakout or reversal(Down leg in the channel)
1.(b).Fib retracement is at 0.5 Ratio
So we will look for a breakout of the channel and resistance trendline (mention on the chart) that will give us a Double confirmation.
##Targets should be 550 for intraday and for swing 569/600+
Stop is Below channel
2.RSI divergence
3. On a Weekly chart, you can see it is near the support trendline.
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy Trading!
Could DABUR rally again ??On daily charts, Dabur took support near 540 level which a good support zone from past 1 year. Whenever it comes near this range either it goes sharp up or down. So we its look good for long trade because of following reasons....
1. It took support on support zone and also there is trendline from down which acts as a good dynamic support.
2. BY Fibonacci levels it rejected 0.5% level so its good retracement from bottom .
3. In coming days it may retest 600+ level.
So we can go long as soon it crosses 575 level with volume on daily charts, also it should close above 575 on daily chart. If it not sustain then it may fall. So trade with stoploss. Then good bye.