1) On 1HR time frame,seems like it is completing the cup and handle pattern.
IF this pattern gets activated then it will be quick buy trade.
Immediate breakout level is 620 and major breakout level is 630.
Please refer below chart : 1 day Time Frame.
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 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...
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
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.
Dabur India had a bullish breakout from its channel pattern and also it's in an all-time high, so give an entry with appropriate Stop loss
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish Cup & Handle pattern breakout in Dabur with good volume. Moreover, Dabur is performing as compared to Nifty. There seems to be RSI bullish breakout. RSI is at 68 indicates bullish momentum.
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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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...