Dabur is currently trading and very strong resistance area that it faced over the past year,
had to wait and see if it breaks above that resistance area and thus giving us the opportunity to trade long in dabur.
Else if follows the same pattern as doing for the past year stock might retraces back thus giving us opportunity to go short.
for trading ideas one can...
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.
The analysis is given on the chart
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Price trading near all time high, rejecting from 520 levels for the last 9 months and price trying to break this level at the beginning of this month and failed to hold the momentum. Hope it will once again try and succeed, keep an eye on it.
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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--Any Suggestions--
DABUR IS AT A VERY GOOD LEVEL FOR BUYING. DO THE REFER THE CHARTS FOR THE DETAILS AND FOLLOW IF YOU FIND MY ANALYSIS ANY HELPFUL. TRADE ONLY IF IT SUSTAINS 500.
Note: This is for educational purpose only.
There seems to be a bullish triangle breakout with high volume. RSI above 60 indicates high bullish momentum.
