DABUR trade ideas
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.
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******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.
Dabur: cup and handle breakout patternDear traders,
In this stock there is a cup and handle breakout pattern is formed.
As we can see that we can buy this stock at breakout.
Formula for take profit--
Breakout price+ (highest of the either side of the cup - bottom of the cup )*50%
= 580+(580-520)*50%
=580+30=610
Stop loss--
= Bottom of the cup
=561
Dabur India - broken Cup and HandleDabur has broken off from cup-and-handle pattern on 1st July and has also re-tested those levels, which turn out to be 23.6% fibonacci rejection as well. Super bullish from here.
DABUR Cup & Handle Bullish BreakoutNSE:DABUR
Cup & handle formation on daily time-frame , with a breakout above the neckline.
One should buy the stock & add on dips .
Happy Trading
Dabur --- Cup and Handle Formation - BreakoutHi guys as shown in the Chart Dabur has formed Cup & Handle Formation and given a breakout with Big Green Candle with very good volumes
- Currently it is coming back to retest the Support which was once Resistance
- Buy once it Sucessfully test the Support and bounce back from it ...
Buying Setup :-
-- You can currently buy in Dips till Support 582 or you can just wait for it to complete the re-testing phase
- For Super Safe side ... buy above the Current high i.e 594
Stop loss is mentioned in the chart
Targets are generally the 100% of the Depth of the cup , so if we measure it targets can be :
T1 = 612
T2- 640
Note : I am still a learner ... So if i miss anything ... Please let me know :)
Disclaimer :- This is just for education purpose only ... not a trading advice.
DABUR - CUP AND HANDLE PATTERN ON DAILY CHARTDABUR is forming cup and handle pattern on daily time frame. It gives a breakout previously and now retracing the level. One can buy it CMP and add further share of dips for a target of 615-640 with a stop below the level of 560.
DABUR DAILY TIMEFRAMESelf Explanatory!
This is NOT a trade Recommendation. Its for learning purposes with the community. Please use discretion. Your Money, Your Risk and Your Responsibility.
Comments are welcome
Dabur LongDabur CMP - 529
Stop - 504 on DCB
Expectation -
1 - 580
2 - 600
Expected Holding Period - 20 trading days or earlier
