Dabur has fallen back to its support zone today.
If price action confirmation is there then will take a long entry for a target of 452/460
Above 461 it looks bullish towards 475. Keep it on you watchlist.NSE:DABUR
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
R:R is 8-10 times.
Dabur Monthly chart has a probability of Harmonic Butterfly Pattern
Harmonic Butterfly is a Reversal Pattern
It's got different variations ( by variation means, various defined Fibonacci ratios clusters )
So as per my observation of the chart first cluster which we will call Prz zone is around 525-530 levels.
If such zone is crossed with strong price action ,...
Dabur has confirmed an uptrend with breakout of a long term trend line. This is among the best looking charts of FMCG index, that itself has reversed only a few days back.
A long positions can be taken at current rates, with a stop loss of 458 and for targets 489.
Future OI has been showing long buildup, but option chain is not giving desired confidence at this...
DABUR is in BUY for LONG target of 460, the upper band Resistance and if 2 daily closing comes above 440 then target of 460 is open, 440 is the temporary Resistance that DABUR might face, On the lower band the interim support is placed at 417 and final support at 409. Please trade cautiously and consult your financial adviser before trading. Can also join our...