DABUR trade ideas
Bullish View in DaburBullish view based upon the following points
1. Clear double bottom pattern at a support level.
2. Trendline Breakout
3. Possible H&S Formation
Dabur can be added at CMP of 584, till 565.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
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DABUR Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
DABUR BREAKOUT BUY ABOVE 586Hello traders, dabur has given a breakout with good enough strong candle, and looks that it can go for the upper marked targets.
FMCG stocks gave a good move other than dabur but it has a good weightage in Nifty50 so I believe it will give a run now.
Stock just crossed the 200 ma.
Gave a trendline breakout.
RSI in the bullish zone.
MACD above the signal line.
Not a good enough volume present ye, so be on the edge for that.
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Expecting a Bullish Move in DABUR As per the 2 Hour Chart of DABUR INDIA LIMITED, we have witnessed a Formation of “Bullish Harami”.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 580.95, 586.55, and 590.10. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 572.95, on closing basis.
Closing Price (as on 14.01.22) : 576.50
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