Daburindia
NSE: Dabur India Heading for Break out to 484+NSE: Dabur India heading for Break out to 484+
Showing a triangle pattern formation from high 484 in Aug to recent low of 363 in Nov.
From recent low 363 to high of 458 , current price action is above 0.618 % fibo level.
Stock is oscillating in the range of 413 and 438
Possible buy at current level with stop loss at 399 and targets 458, 474, 484 is insight
Breakout above 484 will take it to next target 500+
Though 484 will act as strong resistance.
Time frame looks 6 to 12 weeks
Use stop loss and trail stop loss
My Dabur Analysis for longI think from here 369 we should see reversal for long with tight stop loss
please express your comment on this setup
DABUR CAN BOUNCE FROM 366 IF 366 BROKEN NEXT SUPPORT WILL BE 357INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 2nd, 2018)
DABUR CAN BOUNCE FROM 366 IF 366 BROKEN NEXT SUPPORT WILL BE 357 (#SELL CALL)
STBT IN DABUR SEPT FUTSTBT IN DABUR
SEPTEMBER FUTURES
RESISTANCE STRONG @468
SHORT@460
STOP@468
TARGET@446
LOT:2500
QTY:1
Dabur Rounding bottom patternDabur has formed a rounding bottom pattern on daily and weekly charts.
Buy above: 317
Target1: 350
Target2: 375
SL: 296
PS: There are different school of thoughts on trading a rounding bottom pattern, i.e entry, target, SL. Please use the entry, target and SL as per your analysis.
Descending Triangle on DaburDescending Triangle on Dabur.
Trade:
Short Entry - 305
Target 1 - 301
Target 2 - 297
Stop loss - 310
Time to go long??well with lower lows on RSI dabur can be bought with a stoploss of 269 CB.
Though I am long in June Futures @ 276 (I know bought it a bit too early) but if tomorrow we get a positive closing Dabur can be bought. Since 15th May there has been an Addition of over 5% in futures everyday except for today it was only 2%.
So I think yea small risk big rewards 280-285.
Dabur heading towards 320.00 target Dabur India after breaking its uptrend journey at 320.00 turned bearish and ratraced up to 60% and has moved towards its previous level of 320.00, the stock seems to be looking strong technically to target. trader may go long on this stock up to target of 320.00 level and it may move further upward.
