Dabur Looks Bearish #stockstosellDabur has formed Head and Shoulder pattern on the daily time frame and looks bearish. Any one can short below 1st Dec 2021's low.
DABUR trade ideas
TRIANGLE BREAKDOWNDabur has broke down from a triangle pattern in daily time frame.
But it may fail and continue moving upwards as it is in a higher time frame demand zone.
Dabur is forming a VCP pattern | looking good for longDabur chart is forming a beautiful volume contraction pattern (VCP). This price action pattern is my favorite.
Dabur India Narrow movement Dabur India is having a narrow movement and forming a triangle wedge pattern. Rs.604 is the decisive price and can break out on either side. down ward movement is more predictable than upside breakout as per the present condition and the next support level is 581.
DABUR BullishDabur Bullish side - Trade as per your risk. This is for my understanding purpose only.
Dabur longi think it will break to upside , we have 6 and 18 ema cross and price has been in symetrical triangle from very long. the targets will be very good
Simple Trade Setup | DABUR | 17-11-2021 [ INTRADAY]NSE:DABUR
Observations:
1) On 1HR time frame,seems like it is completing the cup and handle pattern.
IF this pattern gets activated then it will be quick buy trade.
Immediate breakout level is 620 and major breakout level is 630.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 17-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Dabur LONGDABUR is running in a channel from long time now also having inverse head and shoulder breaking this pattern will show good reward.
DABUR for SWING tradePosted Dividends recently and good and positive price action seen. Retracement seen from ATH.
Above 600 good upmove can be seen in this stock.
Also stock taking food support at 200ema at hourly time frame.
Entry, Exit and SL shared on the chart.
Simple Trade Setup | DABUR | 11-11-2021 [ INTRADAY]NSE:DABUR
Observations:
1) On daily time frame, it took support from 21DMA and bounce from it.
21DMA is placed at 600.85 level.
We can say that 600 level is major support.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see that it is making cup and handle pattern.
Breakout level is 610 level and major breakout level is 620 level.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 11-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BUY DABUR ABOVE 605Dabur is looking Good Buy above 605 for the marked targets on chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dabur India - Support taken at Daily 200 EMAGo long with this script. Multiple support taken at daily 200 EMA, trendline. Very stable stock to add in long term portfolio.
Positional idea on DaburPositional idea on Dabur
For details see the video
For details see the video
Pure price action
Swing Opportunity in DaburGo Long above 598.05 for Targets of 613.65, 629.25 and 644.85 with SL 582.45
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
DaburChart says everything........................................................................... ..
dabur bullish butterfly - 4hrs
see chart
may reach 606,625
negation below 574
Educational purpose only. This is not a recommendation -
Inspired by - Trading Mirror telugu
Morning star pattern !!Stock has formed simple morning star pattern on weekly chart.
Key levels and results update mentioned on chart.
Kindly do your analysis before initiating trade.
