I hope you can now see how Dabur represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
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 Daily Time Frame, Finally it took support from 21DMA and show good up move.
2) On Daily Time Frame, Now it closed above both 21DMA and 50DMA and took support from both 21DMA and 50DMA in past 2 days.
Please refer Chart below: daily time frame.
3) On 1 hour time frame it has made rounding bottom pattern and closed near the...
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 588 or 585 then it will be a buy trade...
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.
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...
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.)
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