Classic cup & handle formation on daily time frame , with a breakout above the neckline of 579. One should buy the stock on cmp i.e. 585 & add on dips . Maintaining a SL of 562 target for the region of 612 as a first tgt & 640 for the second tgt.
If 582 level will Break with Good Volume Confirmation and candle Close Above this Resistance Then We can buy for Swing Trade.
-> Always Enter With good confirmation & Maintain proper Risk Reward.
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Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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#77 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.I HAVE LINKED MY PREVIOUS POSTS ON DABUR BELOW .
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As on Daily time frame Dabur stock price is at support on an up trending channel with a higher low, we may see a stock price gain up to previous swing high as 1st Target.
So Trade execution will be as follows :-
Long Entry (Positional Buy) @ or above ₹545
Stop Loss (in case of loss - Sell @ or just below ₹533
Target 1 : ₹575
Trailing Stop Loss : with 5...
buy above the green horizontal line only if it close above it. targets are between the 2 horizontal red lines.
targets are mentioned.
buy only if its closes above mentioned point.
stoploss can be placed below trendline.
The volume on the bearish candle was concerning but the Bulls absorbed all the supply and hence the next candle was a hammer. The price is in a range/accumulation phase. An ambush entry can be taken with the previous low as a stop loss. A safer entry can be taken after the break of the range on the upside.
Targets: 547, 562, 578.
You are always advised to use...
Long Dabur above 538 SL 525 TGT 575-580 . Stock trading in the range & expected to touch the upper trendline. Good risk to reward trade. This is for your educational purpose only.
Look at yearly chart, stock has given tremendous result every years contentiously.
No red candle since last 10 years.
Currently i daily demand zone supported by EMA 20
THE VALUABLE COMPANY BABUR GIVE A BIG RALLY 500 TO 575. NOW IT IS IN REVERSAL SO NOW SELL THE DABUR. AND WAIT FOR SUPPORT THE FIRST SUPPORT IS 550 AND THE SECOND SUPPORT IS 339.
