Dabur Turned Weak On Weekly ChartsDabur - Cmp 534.5
View : Bearish
Best Sell Price 547-552
SL - 569.6 ( Weekly Closing Basis )
Target - 515/520
Daburindiasell
Simple Trade Setup | DABUR | 08-09-2021NSE:DABUR
Observations:
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.
Please refer below chart : Daily time frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
DABUR 🍯🐝 analysis 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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INTRADAY | Failed Breakout? lets wait for TomorrowIf it Breaks the support line, a sell up momentum can be seen..
Sell below 457
Target 1 - 452
Target 2 - 443
Target 3 - 432
*Use Tight SL according to your risk
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
