DABUR trade ideas
Cup and Holder breakout given and also it is in retest zoneCup and Holder breakout given and also it is in retest zone - SL and Target given, safe players can enter after dividend result
Dabur looks good!1:1.12 risk to reward ratio. Always analyse your risk before trading and have fix stop losses! #playbythebook
Dabur 1D - Good example of breakout and retestBreakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet.
Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position.
I will not enter without confirmation and follow up as Nifty is trading at all time high.
P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
Rally must stop at the support and turn to the long sideRally must stop at the support and turn to the long side
DABUR INDIA LTD| SHORT TERM TARGET 640DABUR INDIA LTD. HAS FORMED A BEAUTIFUL CUP AND HANDLE PATTERN. IT IS RETESTING THE NECK LINE SUPPORT I GUESS. AFTER SUCESSFUL RETESTING THE STOCK HAS THE THE POTENTIAL TO GO UPTO 640 IN SHORT TERM.
1.THE STOCK HAS GIVEN A CHANNEL BREAKOUT IN WHICH IT WAS MOVING SINCE AUGUST20.
2. DAY RSI TAKING SUPPORT AT 60.
3. HOURLY RSI IS ABOUT TO RISE FROM 40.
4. THE STOCK IS READY TO MOVE UPSIDE AFTER 50% PERFECT RETRACEMENT.
RETEST ZONE for DABUR INDIA LTD.Range breakout WITH QUITE HIGH VOLUME can be seen earlier in the chart and after some upside movement a pullback movement we can say, happening in chart. So would suggest to wait for the given zone/levels to test. if you get near around that zone would be a great short term pick for the target of 603 level with a strict stop-loss of 575. (ONLY ON CANDLE CLOSING BELOW BASIS)
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
📊 Dabur heading towards resistance NSE:DABUR
As one can Dabur can touch that Harmonic PRZ so one can long till those PRZ levels and if find reversal there at that time if one know how to trade on reversal then can short from those levels.
be independent trader
take charge of your own trades
Learn . Apply . Grow
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
#Dabur #Typical #cupandhandle #Dabur gave typical #cupand handle break out. buy on dips for the targets mentioned in chart.
