Note: This is for educational purpose only.
There seems to be a bullish engulfing on support of ascending triangle with high volume. There seems to be a RSI bullish breakout as well.
Well supported at the level of 505. Dabur stock is in uptrend. Long entry above 510 after the BO confirmation above all conflux area. EMA 20, TL. Target price 530-535 SL 498. Good risk to reward ratio.This is for your educational purpoise
Dabur (Swing + Investment)
formed too many bearish reversal candles near resistance but price is not falling & spending time near resistance.
500 level is good support.
above 540 it will blast as it will break the all time high.
we will observe price action near 500 area
Dabur India #long to join new high rally
Fundamental and technical reasons to join rally.
- Dabur introduced Edible oil.
- Above all DAM
- Strong buyer support in this level
- last support just broken and made new high.
Look For Breakout in Both (Pattern & Volume)
ReadY For Big Move..🤑🤑
2-5% Instant
(Risk Must Be Managed.)
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--Any Suggestions--
Dabur India is making higher highs but RSI is not supporting it and there is a good RSI divergence on monthly chart. Mostly likely to give a good fall on Monthly Charts.
NSE:DABUR | (Positional Trade)
Entry:- 525+ (Candle Close)
Stop Loss :- 500 or (According To You)
Target:- I Don't Know Because It is Breaking Above All Time High's.
(Risk Must Be Managed.)
Keep Your Eyes On Index
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--Any Suggestions--
Target on chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Dabur is making a bullish triangle formation and appears to be near completion. It has formed 6 points of contact on the trendlines. The price may perform a breakout above 525, which is the current high.
The RR is favorable with a stop loss @ 470.
FMCG sector has been fairly flat for a while now and I am expecting some momentum to pick up in the coming weeks.
