DABUR : 15 TFDABUR forming descending triangle pattern.
Keep Eye on it for any side position. if sustain at this level and find any bullish candle, good to enter with a small SL.
Breaching the support line, we may see a good fall. Take trade accordinlgy.
This is my personal view only and for educational purpose.
DABUR trade ideas
Simple Trade Setup | DABUR | 05-10-2021 [INTRADAY]NSE:DABUR
Observations:
1) On 1 day time frame, it took support from 50DMA. And gave good up move.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 05-10-2021:
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 respsective level considering how price action works near that level.
Dabur India showing strength for Future Long The stock Dabur India is showing some strength and it might test its previous levels in the coming days. The levels are indicated in the chart itself and traders keep strict stops and target as per their risk. Disclosure- Please keep your trades at your own as this may be for your learning purpose only.
Put Dabur on holdThis scrip had recently given a breakout from a major resistance and now it had bounced back from that resistance after retesting it. Don't rush and take long position now, as it's a new month so there will be a new Pivot points, it's now trading below the monthly Pivot point as well as 21MA. Wait for the scrip to cross above Pivot as well 21MA before going long in it.
[ INTRADAY ] DABUR LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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DABUR cup & handle pattern breakoutWe can clearly see cup and handle pattern formed in DABUR. also it breakout today. & looking bullish for positional target.
CMP : 589.75
Positive points:
Breakout:
Cup & handle pattern is well known for a positive side breakout.
Today it Breakout & closed above the resistance line.
Volume:
Breakout volume is greater than the moving average of volume of 20 days. Actually its almost twice.
MACD:
MACD crossover above zero line & histogram is also showing some strength.
RSI:
RSI is above 60 showing bullish signal
Target : Around 648
In technical term, the cup & handle pattern can give the target equal to the height of the Cup. I have marked a vertical segment showing the height of the cup. and same we can get the target after breakout.
Duration:
Short to mid term
Disclaimer: I am not sebi registered. This is for educational purpose only. Do your own analysis before taking any position. I am not responsible for any profit or loss.
[POSITIONAL] DABUR LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********