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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Daburltd
DABUR INDIA LTD - Ascending Triangle BreakoutTarget on chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
DABUR BUYI 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 methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Dabur - Looking poised for an upmove along with FMCG index.Dabur has confirmed an uptrend with breakout of a long term trend line. This is among the best looking charts of FMCG index, that itself has reversed only a few days back.
A long positions can be taken at current rates, with a stop loss of 458 and for targets 489.
Future OI has been showing long buildup, but option chain is not giving desired confidence at this stage, but Dabur does not seem to be very liquid on options.
Derivative traders may consider a vertical bull spread using 460 and 480 calls for Jan expiry.
I generally avoid suggesting, trading using naked futures or options, strategies not only help in reducing risk but also empower positional traders to remain in a position for longer periods and grab bigger profits.
You may send me a direct message for any clarification, and low risk strategies to trade for short term gains.
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