1) On 1 day time frame, it took support from 50DMA. And gave good up move.
Please refer below chart : 1day Time Frame.
Trade Setup for Date 05-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and...
Keep the Dabur share on radar . Once the BO of TL above the 619 for the target price of 650 with SL of 610. Stock is expected to take support from the current level & bounce back. Godd risk to reward trade. This is for your educational purpose only.
DABUR forming descending triangle pattern.
Keep Eye on it for any side position. if sustain at this level and find any bullish candle, good to enter with a small SL.
Breaching the support line, we may see a good fall. Take trade accordinlgy.
This is my personal view only and for educational purpose.
1)On daily time frame, it made shooting star candle. This is kind of a bearish suggestion that it will start bearish trend now. But only if it trades below today's low. Which is 635.40 so we can consider 635 level.
If it fails to hold 635 level tomorrow and breakdown and trade below 635 then we can see bearish move tomorrow in DABUR.
We tried to predict the upcoming move for Dabur India, it may go to retest the highs of the wedge and come down to the lower yellow line.
We would try to update the idea and let's see how it unfolds.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
today i have done dabur analysis on basis of supply and demand and chart patterns
the demand is fresh and we can expect it to reach its supply
but if this fails the reason will be volume, the volume is very less and decreasing which is very bad
pls feel free to ask anything and correct me
happy trading to you.
Previous SZ Test Keep watch
Kindly Avoid Gap
Don't Enter Before the Structure Test
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
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The information contained in this presentation is solely...
#daburindia weekly momentum at bullish support within trendline channel
weekly holding within a trendline channel since long
momentum and trend bullish on all timeframes. sector is bullish.
momentum taking support near 60 multiple times on weekly indicating a medium term range shift.
1) On Daily Time Frame, Finally it took support from 21DMA and show good up move.
2) On Daily Time Frame, Now it closed above both 21DMA and 50DMA and took support from both 21DMA and 50DMA in past 2 days.
Please refer Chart below: daily time frame.
3) On 1 hour time frame it has made...
On Daily Time Frame it took good support and made reversal from 50DMA. And closed just at 21DMA on daily time frame.
Please refer below chart.
Simple Trade Setup for 16-08-2021.
1) If it opens gap up in range of 590 and goes down and takes support from...
Tomorrow we may see a good move on either side.
Just follow the level to take the trade.
All the levels will work as support, resistance, entry & exit point with reference to how the price action is working on particular day near to that level.
Comment your doubt or suggestion. My personal view is bullish.
All the best.
Stock has given a pole and flag BO and has now retested the previous resistance.
Now this resistance should work as support and stock should bounce back from here for a target of 625-640.
SL can be placed at around 550 level on Daily closing basis.
DISC: For educational purposes only.