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.
Dabur (Swing + Investment) formed too many bearish reversal candles near resistance but price is not falling & spending time near resistance. 500 level is good support. above 540 it will blast as it will break the all time high. we will observe price action near 500 area
Dabur has broken the ascending channel in hourly chart with a gd volume. #positional Buy dabur at 522 Tgt: 530, 545+ Sl: 513 Timeframe: 1 weeks
The time has come for dabur. The breakout happened and those who followed me must be in good profits. The stock is set to give more than 15 points. So wait and take informed decision. this is for educational purpose only. thank you happy trading. check out my analysis on dabur posted sep 2.
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 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.
If resistance trend line breaks with vol we can see a upside movement. 1st target 452 , 473 & if crossed 480 we can see 500 plus level.
NSE:DABUR near 420 405 zone SL 375 T 455 490 520