DABUR trade ideas
DABUR - Cup & Handle NSE:DABUR
DABUR - Cup and Handle pattern,, in Daily time frame..
Good to go LONG..
DABUR Rising in Ascending Channel 700 coming SoonNSE:DABUR
Rising in Ascending Channel Pattern
Above all Long Term Moving Averages
CMP : 590
Tgt: 623 - 660 - 688
SL: 502
Return :18%
RSI Positive Divergence
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DABUR LONGChart is self explanatory.
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DABUR: Swing TradeDABUR : SWING Pick!
Method :
Simple Channel Breakout.
The bottom line is called the Basic Uptrend line & the upper secondary line is called the Channel line.
The failure to reach the bottom end of the channel is often an early warning that the upper line will be broken, usually indicates a strengthening trend.
Risk Management :
Risk only 2% of your trading capital.
Buy 30% of your position at CMP and wait for the pullback, if the price respects the level of 590 then execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to '' Cut your losses short and let your profits run.''
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small .
Dabur getting accumulated for next Swing!NSE:DABUR has formed Cup and Handle on Daily and right now accumulation is going on. It will rally further on break of the channel
Dabur India Cup & handle FormationBuy Dabur India
Cup & Handle Formation and Breakout Chart
With 20 SMA & 50 SMA Crossover
Target 1: 598
Target 2: 621.
Stop loss: 563
Dabur is now 590 from 545The Stock was shared on June 7 with following details
#DABUR: Buy between 540 TO 550. Target : 561,574,581 Stop Loss : 513
Now sky is the limit for DABUR
DABUR CUP$HANDLE PATTERN DABUR CUP$HANDLE PATTERN BREAKOUT WITH GOOD GREEN CANDLE.IT MAY TAKE RE TEST FROM BREAKOUT AND BOUNCE BACK.
Cup and handle pattern in DABUR INDIAGiven a good breakout with good volumes after forming a bullish pattern!
Can enter now or wait for a confirmation candle!
CMP= 589.75
TGT1- 613.85
TGT2- 631.85
TG3- 644.70
SL- 561.55
Dabur Cmp 590 ated 1.7.2021Dabur Cmp 590 dated 1.7.2021
1. Consolidating in a channel 14 months. BO @ 597.
2. Cup & Handle BO already done @ 583.
Buy for a tgt of 645 - 685 SL 560
It is just a view, pls trade at your own risk.
DABUR - CUP AND HANDLE PATTERN BREAKOUT CUP AND HANDLE BREAKOUT ON DAILY WITH VOLUME
RSI ABOVE 60
ENTRY - 592
SL -570 , TARGET 650
Dabur - Bullish BreakoutDabur India had a bullish breakout from its channel pattern and also it's in an all-time high, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Dabur - Cup & Handle pattern breakoutNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish Cup & Handle pattern breakout in Dabur with good volume. Moreover, Dabur is performing as compared to Nifty. There seems to be RSI bullish breakout. RSI is at 68 indicates bullish momentum.
SL: ₹560
DaburDabur has given good breakout with good volume intensity
One can go long with mentioned key levels,
All key levels are mentioned in chart along with stoploss and targets
Key levels
Daily time frame chart pattern cup n handle breakout
MACD in Daily uptick
MACD in hourly positive
DMI ADX Daily time frame
DMI ADX Hourly time frame
Upper BBC
Hourly RSI positive
Hourly Stochastic PCO
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
